Terra Classic (LUNC) Drops 31% Amid Market Selloff

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 06 2026

LUNC-4.821%

LUNA-1.328%

MMT-3.432%

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Downward Price Trend: Since June 1, Terra Classic (LUNC) has dropped approximately 31%, marking five consecutive days of losses, reflecting a growing risk-off sentiment in the small-cap token market.
Volume Dynamics: During the price decline, LUNC's daily trading volume increased by about 20%, yet remained below the 20-day average, indicating a lack of panic selling and a cautious investor sentiment.
Key Support Breached: LUNC fell below the $0.000072 support level, nearing the 78.6% retracement at $0.000054, which was defended by bulls over the weekend, although the overall trend remains bearish.
Rebound Outlook: Analysts recommend patience until a clear trend emerges; while no reversal signals are evident in the short term, reclaiming $0.0000686 could attract buyers, suggesting potential rebound opportunities in the market.

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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 crypto.

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	0.0000375	0.0000462	0.0000584	0.0000671	0.0000793	0.000088	0.0001
Fibonacci	0.0000462	0.0000542	0.0000591	0.0000671	0.0000751	0.00008	0.000088

About LUNC

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.Development on Terra began in January 2018, and its mainnet officially launched in April 2019. As of September 2021, it offers stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik and the International Monetary Fund's Special Drawing Rights basket of currencies — and it intends to roll out additional options.On May 28, 2022, the genesis block of the new chain was launched to conduct future transactions under the name Terra (LUNA), and the original Terra Chain was rebranded as Terra Classic. The original native token — LUNA has also been renamed as LUNA Classic (LUNC). Moreover, all network stablecoins (UST, KRT, EUT) have been renamed to Terra Classic stablecoins (USTC, KRTC, EUTC). There will be no Terra stablecoins on the new chain.There is a theory that the additional term “classic” is a reference to the Ethereum / Ethereum Classic split in 2017. According to CEO, Do Kwon, the collapse of UST in the spring of 2022 is the equivalent moment of the Ethereum’s DAO hack that took place in 2017.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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