$LUNC **The pair is navigating a critical moment of truth at approximately $0.0000447**. The price is down -3.33% in the last 24 hours and trades over 99.9% below its 2022 all-time high of $119.18. The market is gripped by "Extreme Fear," and a major technical breakdown has occurred: LUNC has breached a key double-top pattern support at $0.000047.
Community Sentiment Snapshot
· Price: $0.00004472
· 24h Change: -3.33%
· Key Catalyst: Recent 15-year prison sentence for Terra founder Do Kwon
· Technical Outlook: Strong Sell signal from daily technical indicators
· Key Support: The December 1 low of $0.00002488
The breach below $0.000047 confirms a bearish technical structure, and analysts warn the price could retest the December 1 low of **$0.00002488**, representing a potential -45% drop from current levels . The primary driver is the market's reaction to the final legal chapter: Terra founder Do Kwon's 15-year prison sentence, which has removed lingering hopes of his involvement in a revival .
💬 Your Take:
Is this a definitive breakdown signaling a deeper collapse,or a brutal shakeout offering a historic accumulation opportunity for the resilient Terra Classic community?
Where do you stand? Is the technical and legal overhang too severe, or are you betting on the long-term impact of relentless token burns and community-driven development? Share your charts and predictions below! 👇
