Crypto analyst Javon Marks has forecasted a potential 555% surge for Terra Classic (LUNC), citing a confirmed breakout from a prolonged consolidation pattern. According to Marks' technical analysis shared on Twitter/X, LUNC recently broke out of a "massive structure" with strengthening volume and bullish divergences, indicating a significant reversal. The projected target stands at $0.0004295 – a 555% increase from current levels.
Supporting this prediction, weekly token burns exceeded 365 million LUNC, bringing total burned tokens to over 413 billion. This deflationary mechanism reduces circulating supply amid growing trading activity, though total circulation remains high at approximately 6.49 trillion tokens. Concurrently, staked LUNC dropped below 1 trillion after 15 billion tokens were unstaked in one week, potentially indicating whale activity rather than retail withdrawal.
Community governance showed strength with overwhelming support for a proposal to introduce USTC staking, backed by top validator Vegas Node. While framed as a preliminary step toward USTC repeg rather than a final decision, it signals ongoing development efforts. Despite LUNC's 10% weekly gain, it remains 10% below its three-year high, creating accumulation opportunities according to traders.
Marks previously suggested a 590% rally, implying accelerating momentum. However, skepticism persists as LUNC lags behind other altcoins, and the prediction lacks institutional validation or fundamental catalysts within the Terra Classic ecosystem.