Terra Classic (LUNC) Price Prediction: Analyst Eyes $1 and $5 Targets as Binance Burns Tokens
Amid the ongoing volatility in the cryptocurrency market, Terra Classic (LUNC) is attracting attention, with several prominent traders expressing a bullish outlook for the altcoin. Crypto analyst Candle Calls has shared a chart signaling a potential significant upward trajectory, sparking speculation that $LUNC could reach impressive new highs.
At the time of writing, Terra Classic is trading 10% lower at $0.00008898, affected by a broader market correction. Despite this, daily trading volume has surged by 66% to $60 million, indicating strong investor interest. Candle Calls predicts a substantial price surge, forecasting that LUNC could hit targets of $1 and even $5.
When Candle Calls released their analysis, LUNC was priced at $0.0001014, showing a consolidation phase on the 24-hour chart, followed by a sharp upward move—signaling a potential breakout. This price action reflects growing investor confidence and increasing buying momentum. This rise was further fueled by Binance’s recent burn of 1.14 billion Terra Luna Classic tokens as part of the LUNC burn initiative.
The analysis also highlighted key support at $0.00008901, which provides a solid foundation for LUNC's upward movement, while resistance at $0.00010870 tests the rally’s strength. This outlook aligns with the bullish sentiment echoed by many in the community, driven by positive fundamentals, improving market conditions, and upcoming developments within the Terra Classic ecosystem.
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