Terra Classic (LUNC) is showing new signs of strength in today’s trading session. The token is now trading at $0.00002797, up 3.2% over the last 24 hours. Although LUNC still trades far below its former highs, the latest upswing signals growing momentum as traders return to the chart.
Buyers Step In as LUNC Holds Key Support Levels
In the past 24 hours, LUNC traded between a low of $0.00002694 and a high of $0.00002845, showing a broad but controlled range. The candlestick pattern shows a series of upward pushes following brief sell-offs, indicating that buyers continue to defend key support levels. Moreover, the chart shows several long lower wicks, which usually signal buying pressure recovering after quick dips.
24-hour price chart. Source: CoinMarketCap
Additionally, LUNC has now broken slightly above yesterday’s mid-range resistance, sharpening the current short-term uptrend. Even though the fluctuations remain tight, the latest green candles reflect rising interest from short-term traders.
Related article: LUNC Eyes $0.00005 After 15% Rebound from $0.000035 — What’s Next for Terra Classic?
LUNC’s market cap is up 3.19% to $153.54 million, in line with the price increase. The 24-hour volume jumped 21.1% to $9.27 million, indicating renewed activity and more participation from traders seeking quick moves. Volume spikes often accompany early trend reversals, suggesting that the latest climb may not be random.
Furthermore, the token’s FDV stands at $181.32 million, while the circulating supply sits at 5.48 trillion LUNC. With no cap on supply, inflation remains a long-term challenge, yet short-term volatility continues to attract active traders.
Rising Momentum Could Push Price Toward the $0.00003 Zone
LUNC still trades at an astronomical discount to its all-time high of $119.18, set in April 2022, before the Terra collapse. However, it remains above its all-time low of $0.00001675, showing a 67.27% recovery from that point. This contrast highlights how volatile its journey has been, but also how much room remains for future rebounds if sentiment continues to shift.
Related article: LUNC Drops 3% in 24 Hours: 4 Signals Hint at a Possible Reversal
Terra Classic’s latest 3.2% daily uptick showcases improving market confidence. Rising volume, a wider price range, and strong buy-back signals on the chart point to a market that is slowly warming up. Although risks remain due to supply expansion and past volatility, traders are clearly watching LUNC again as it attempts to build a more stable upward trend.
If momentum continues, Terra Classic could attempt another push toward the $0.000029–$0.00003 zone in the coming sessions.
