LUNC Price Coils Near $0.000040 Ahead of Key Breakout Decision
- Price Range Tightening: LUNC's price has formed a converging triangle between $0.0000380 and $0.0000400, indicating the market is awaiting a breakout direction that could lead to significant volatility, impacting short-term trading strategies.
- Bearish Market Structure: Despite a rebound from $0.000028, the price remains below all major exponential moving averages, indicating a persistent bearish trend that limits the potential for sustained upside.
- Legal Uncertainty Cleared: Sentiment improved significantly following the 15-year prison sentence for Terra founder Do Kwon, with LUNC initially surging nearly 50% before retracing as traders took profits, highlighting market sensitivity to risk.
- Token Burns and Staking Growth: Recent burns by Binance have pushed cumulative LUNC burns above 428 billion, although this only reduces supply by 0.045% monthly; however, staking has increased to 973 billion tokens, raising the staking ratio to 15.4%, enhancing fundamental support.
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Technical Analysis for LUNC
Technical Sentiment Analysis for Terra Classic (LUNC) As of , Terra Classic (LUNC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LUNC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LUNC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Terra Classic (LUNC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000202 | 0.0000251 | 0.0000306 | 0.0000355 | 0.000041 | 0.0000458 | 0.0000513 |
| Fibonacci | 0.0000251 | 0.0000291 | 0.0000315 | 0.0000355 | 0.0000394 | 0.0000419 | 0.0000458 |
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