The Terra Classic (LUNC) token, a remnant of the Terra ecosystem's historic 2022 collapse, experienced a dramatic price surge of nearly 22% in a 24-hour period, trading around $0.00003420. This rally breaks a prolonged period of stagnant trading and injects new energy into the LUNC community.
The surge is attributed to a confluence of factors. Most notably, trading volume skyrocketed by over 370%, reaching nearly $46 million across major exchanges. Concurrently, staking activity increased, locking up tokens and reducing available supply. The community's aggressive token burn mechanism continues, with over 849 million LUNC burned in the past week, bringing the total burned since May 2022 to 426.79 billion tokens—nearly 8% of the total supply.
Technical developments are adding momentum. The Terra Classic developer team has shared updates on system improvements and security patches. Furthermore, Binance confirmed it will support the upcoming Terra (LUNA) network upgrade scheduled for December 8, 2025, at block height 18,660,000. While deposits and withdrawals will be paused during the upgrade, trading will continue normally.
From a technical analysis perspective, LUNC recently broke out of a falling wedge pattern and is holding above the key micro-support level of $0.000033. The Relative Strength Index (RSI) sits around 59, indicating potential for further upward movement. Analysts identify the next major resistance levels at $0.000048 and $0.00009, with a psychological target of $0.000125.
Despite the rally, LUNC remains down nearly 80% year-to-date, reflecting the broader market challenges and the token's long recovery path. Price predictions for LUNC remain highly speculative. Coinpedia's forecast suggests a potential high of $0.000675 by the end of 2025, contingent on successful upgrades and bullish market sentiment, but also warns of a potential low of $0.0000452 if development falters. Longer-term projections extend to a maximum of $0.00212 by 2030.
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