$LUNC 🔕
The market just handed Lunc its biggest burn upgrade in months, and price barely blinked — that kind of apathy after a major catalyst is usually a sign that something else is quietly building beneath the surface.
Spot Allocation 💸 $LUNC
4H Key Levels
C: 0.00005040
R: 0.00005228
S: 0.00004922
Accumulation Zone: 0.00004992 – 0.00005040
T1: 0.00005228
T2: 0.00005339
T3: 0.00005424
Volume spiked to 97B — that's the real signal here.
The 1.5% on-chain burn tax (Proposal #12223) passed with 96.2% approval and is now live, tripling the previous burn rate. Binance also burned another 275.6M $LUNC on August 1, and total burns have now surpassed 454 billion tokens. But here's the catch — daily burn rates have already started declining, dropping to around 33 million recently.
The 0.00005228 resistance has rejected price twice now. If buyers can push through, the path to 0.00005424 opens up. But losing 0.00004992 could accelerate downside toward 0.00004922. With US CPI data due August 12, macro volatility could shake things up further.
Are you watching this range or waiting for the CPI data first?
The market just handed Lunc its biggest burn upgrade in months, and price barely blinked — that kind of apathy after a major catalyst is usually a sign that something else is quietly building beneath the surface.
Spot Allocation 💸 $LUNC
4H Key Levels
C: 0.00005040
R: 0.00005228
S: 0.00004922
Accumulation Zone: 0.00004992 – 0.00005040
T1: 0.00005228
T2: 0.00005339
T3: 0.00005424
Volume spiked to 97B — that's the real signal here.
The 1.5% on-chain burn tax (Proposal #12223) passed with 96.2% approval and is now live, tripling the previous burn rate. Binance also burned another 275.6M $LUNC on August 1, and total burns have now surpassed 454 billion tokens. But here's the catch — daily burn rates have already started declining, dropping to around 33 million recently.
The 0.00005228 resistance has rejected price twice now. If buyers can push through, the path to 0.00005424 opens up. But losing 0.00004992 could accelerate downside toward 0.00004922. With US CPI data due August 12, macro volatility could shake things up further.
Are you watching this range or waiting for the CPI data first?