Terra Classic (LUNC) Surges Back into Top 100 Cryptos

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 05 2026

LUNC-2.356%

LUNA-4.423%

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Market Resurgence: Terra Classic (LUNC) has surged approximately 150% over the past three weeks, reclaiming a market cap of $530 million and reaching a 13-month high of $0.00009724, indicating strong market momentum that may attract further investor interest.
Token Burn Impact: Binance burned over 923 million LUNC on May 1, with more than 1 billion tokens removed in recent activities, reducing circulating supply in the short term and driving price increases, reflecting market reactions to token scarcity.
Network Upgrade Outlook: The upcoming v4.0.1 network upgrade vote scheduled for May 6 aims to fix vulnerabilities and improve network efficiency, indicating ongoing development activity that could help rebuild market confidence and support LUNC's long-term recovery.
Technical Resistance Analysis: LUNC's current price is near a major resistance zone around $0.0001, with a clean break above this level potentially triggering a trend reversal; however, failure to hold could lead to a pullback of 40% to 50%, highlighting short-term volatility risks.

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Technical Analysis for LUNC

Technical Sentiment Analysis for Terra Classic (LUNC). As of , Terra Classic (LUNC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 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	0.0000596	0.0000666	0.0000733	0.0000802	0.0000869	0.0000938	0.000101
Fibonacci	0.0000666	0.0000718	0.000075	0.0000802	0.0000854	0.0000886	0.0000938

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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