Why is Terra Classic (LUNC) Price Surging Today?

After months of silent trading, Terra Classic (LUNC) has experienced a notable surge, jumping nearly 22% in the last 24 hours and currently trading around $0.00003420. This sudden rise has injected renewed energy into the LUNC community, which has been anticipating a strong comeback following the project's significant downturn in 2022.

The community has been actively discussing the factors contributing to this recent increase in LUNC's token price.

LUNC Trading Volume Spikes by 370%

A primary driver behind the recent price appreciation is a substantial increase in trading activity. Market data indicates that LUNC's trading volume has surged by over 370%, reaching approximately $46 million across major exchanges. Concurrently, staking activity has also seen an uptick, with more holders locking their LUNC tokens to support the network. This action effectively reduces the number of tokens available in the open market. Furthermore, overall market sentiment has shifted positively, with confidence levels now reported to be above 50%.

Burn Rate Continues to Support Price

Another critical element contributing to the rally is LUNC's robust burn mechanism. Over the past seven days, the community has successfully burned more than 849 million tokens, actively decreasing the circulating supply. According to burn trackers, Terra Classic has destroyed a total of 426.79 billion tokens since May 2022, representing nearly 8% of the total supply. A reduction in supply becomes particularly impactful when demand begins to rise, facilitating a faster price recovery.

Binance Upgrade Adds More Momentum

Adding to the positive momentum, Terra Classic developers have been actively sharing progress on system improvements. Over the last week, the development team has provided updates regarding new system enhancements, enhanced security patches, and long-awaited upgrades designed to improve the stability of the blockchain. Binance recently confirmed its support for the Terra (LUNA) network upgrade scheduled for December 8, 2025, at block height 18,660,000. During this upgrade, deposits and withdrawals will be temporarily paused, although trading activities will continue uninterrupted.

What’s Next for LUNC?

LUNC has recently broken out of a falling wedge pattern and is currently maintaining its position above $0.000033, which serves as a key micro-support level. The Relative Strength Index (RSI) is hovering around 59, indicating that the token still has room for further upward movement. Analysts suggest that the next significant resistance levels to watch are $0.000048 and $0.00009. Should bullish momentum continue, a significant psychological level to monitor is $0.000125, a price point of considerable interest to many traders.

Despite this recent price increase, LUNC remains down by nearly 80% year-to-date, underscoring the challenging conditions experienced in the broader market.

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