$LUNC $LUNC /USDT Analysis: Critical Support or More Downside?

Terra Luna Classic ($LUNC) is currently showing significant bearish pressure as it trades near 0.00003837, down 1.18% in the last 24 hours.

🔍 Key Market Insights:

Order Book Pressure: The depth chart reveals a heavy sell-side (Ask) wall at 57.79%, significantly outweighing the bid interest (42.21%).

Network Upgrade Pause: Binance has officially suspended LUNC deposits and withdrawals today for a scheduled network upgrade. While trading remains active, this often creates short-term volatility.

Bearish Sentiment: With a -38% drop over 7 days and a -70% drop over the last year, LUNC is struggling to find a solid floor.

📊 Technical Levels to Watch:

Support: If the 0.00003718 (24h low) fails to hold, we could see a slide toward the next psychological level at 0.00003500.

Resistance: Bulls need to reclaim 0.00004347 (24h high) to flip the immediate bearish structure.

Strategy: The "Sell the News" sentiment following recent legal headlines and the network pause suggests caution. Watch for a bounce at the current support or a breakout above the EMA lines before entering.

What’s your move? HODL 💎 or SELL 🔴?

#LUNC #TerraClassic #BinanceSquare #CryptoAnalysis #Write2Earn $LUNC