The Macro View: A Massive Descending Triangle
Since 2023, the weekly chart of LUNC has been forming a large descending triangle. Support has consistently held near 0.000053 USDT, while the upper resistance trendline continues to tighten. Historically, such long-term compressions tend to result in explosive moves once a breakout occurs — the key unknown remains the direction.
Short-Term: Breakout Loading?
Zooming in on the daily chart, the picture gets sharper: LUNC is currently testing the lower trendline support around 0.000053. If bulls manage to push above resistance, the next target lies around 0.000094, implying a potential +76% move. The combination of tight consolidation and growing volume signals that volatility is imminent.
The News Layer: Court Dates, Delistings & Burns
On top of the charts, the fundamental backdrop is heating up:
- •Do Kwon: Legal battles continue to cast a shadow over Terra’s history.
- •Edward Kim: On November 3, 2025, the Delaware Bankruptcy Court will depose Kim, a core dev and community figure. His testimony could reveal hidden assets or liabilities with significant implications for $LUNC and $USTC.
- •OKX Delistings & Binance Burns: While OKX delistings weigh on sentiment, Binance’s regular token burns provide real supply-side pressure — creating a mixed but potent setup for volatility.
Speculative Scenarios: The Bull vs. Bear Case
The outcome may swing in either direction:
✔️ Positive scenario – A strong testimony from Edward Kim could restore confidence, reigniting the revival narrative. Combined with Binance burns and potential NFT/memecoin-driven hype on the Terra chain, this could pull in fresh liquidity.
❌ Negative scenario – If testimony sparks more doubts or exposes new issues, LUNC risks breaking below support, triggering another leg down.
The Bigger Picture: Cycle Timing & Community Resilience
The 2025 market cycle is already showing signs of heating up, with altcoins preparing for potential rotations. Terra Classic finds itself uniquely positioned at the intersection of:
- •Macro chart compression
- •Legal clarity through court proceedings
- •Community-driven developments (burns, governance, NFTs/memecoins)
The fact that the triangle breakout window aligns with court dates and burn schedules makes this setup hard to ignore.
Conclusion: All or Nothing Ahead
The weeks leading into early November may represent the final test since the May 2022 collapse.
- •Bull Case: Breakout above 0.000094 → momentum, restored trust, and possible institutional interest.
- •Bear Case: Breakdown below 0.000053 → renewed downside and loss of confidence.
One thing is certain: volatility is guaranteed.
#LUNC #USTC #TerraClassic #EdwardKim #DoKwon #CryptoNews #Altcoins