$LUNC Counterattack! A 24-hour surge, seize the opportunity at this moment!
The deflationary effect continues to exert force, and the path to value recovery has already begun.
In the past 24 hours, the long-dormant Terra Classic (LUNC) has suddenly exploded with astonishing momentum, achieving an incredible 90% increase in price, with trading volume skyrocketing by 370%, and market enthusiasm has suddenly surged.
Trading activity is unprecedentedly high: the total transaction amount on major top exchanges is close to $46 million, buying power has significantly increased, and the market confidence index has broken 50%.
The deflationary effect continues to manifest: in the past 7 days, the community has again burned 849 million LUNC tokens, reducing circulation and providing solid support for price increases.
Historic deflationary results: since May 2022, LUNC has cumulatively burned 42.679 billion tokens, accounting for nearly 8% of the total supply, and the deflationary model is playing a role in long-term value support.
From a technical analysis perspective, LUNC has successfully broken through the "descending wedge" pattern, firmly standing at the key support level of $0.000033. The RSI indicator is about 59, not yet entering the overbought zone, indicating there is still room for upward movement.
Binance has officially confirmed support for the Terra (LUNC) network upgrade on December 8, injecting a strong boost into the market. During the upgrade, deposits and withdrawals will be suspended, but trading will proceed normally, indicating that major exchanges are full of confidence in the project's future.
Analysts point out that the next major resistance level for LUNC is at $0.000048 and $0.00009. If the bulls can continue to push, there is hope to challenge the psychological barrier of $0.000125.
Now is the perfect time to pay attention to LUNC: technical breakthroughs, fundamental improvements, and a rise in market enthusiasm, multiple favorable factors are converging. Smart investors have already begun to take action; will you miss this opportunity?
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