Terra Classic (LUNC) is once again at a critical turning point as it tests a major support zone. This level could determine whether the next significant price move is a bullish rebound or a deeper correction. The current price action suggests that traders are closely watching the $0.00005395 – $0.00005521 range, a level that has historically generated strong buying interest.
Price Overview and Recent Market Structure
According to the latest chart from Tradingview, LUNC is trading at around $0.00005427, slightly above the key support zone, with a decline of 3.26% in the last 24 hours. This level has been tested multiple times since July, and each time, bullish pressure has helped LUNC rebound from the brink of deeper losses. However, persistent selling pressure over the past few weeks has pushed the price closer to this zone again, and this time, the stakes may be even higher.
Looking back at the broader trend, LUNC has been in a sideways-to-bearish consolidation phase since early August, struggling to break above the major resistance at $0.00006445. Multiple attempts to rally above this level have failed, resulting in a gradual decline and a series of lower highs, which indicates fading bullish momentum.
Technical Analysis: Support and Resistance Levels
The chart shows that LUNC is now sitting right at the primary support area between $0.00005395 and $0.00005521. Historically, this zone has acted as a springboard for price rebounds, making it a crucial level for bulls to defend. A successful hold here could trigger renewed buying pressure and potentially push the price back toward the resistance region at $0.00006445.
If bullish momentum builds, a breakout above $0.00006445 could open the door to higher targets around $0.00007000 – $0.00007500, levels not seen since mid-summer. However, a decisive breakdown below $0.00005395 could invalidate this bullish scenario and expose the market to deeper downside risk, possibly retesting the psychological $0.00005000 level or lower, which could mean doom for LUNC traders.
Related article: Terra Classic Holds Its Ground as Bulls and Bears Clash Around $0.000059
Market Sentiment & Outlook
Market sentiment around LUNC remains mixed. While long-term holders and the community are optimistic about ongoing ecosystem developments and governance updates, short-term traders remain cautious amid broader market volatility. Bitcoin’s dominance and macroeconomic trends (such as interest rate decisions and risk appetite) will also play a key role in determining whether LUNC can sustain a rebound.
If the current support holds and volume confirms a reversal, LUNC could see a 10–15% short-term recovery, with traders eyeing $0.00006000 as the next near-term target. On the flip side, failure to defend the support may trigger a cascade of stop-loss orders, accelerating a drop below $0.00005000.LUNC’s price action is approaching a “make-or-break” moment. The $0.00005395 – $0.00005521 zone is the key battlefield between bulls and bears. A bounce here could signal the start of a recovery rally, while a breakdown would likely lead to further downside.
