In crypto markets, there are certain assets that are discussed more for their behavior than for their price movements. Luna Classic fits exactly into this category. Despite years of pressure, a traumatic past, and being declared “dead” countless times, the community’s refusal to abandon the coin generates meaningful data from a technical analysis perspective on its own.
The Community Factor: Resistance Reflected on the Chart
LUNC does not behave like a speculative hype coin. On the contrary:
Volume does not completely dry up during sharp declines
The tendency to hold during prolonged sideways movement is preserved
At critical support zones, what a p p ears is not panic, but defense
These behaviors create discipline on the chart, not randomness.
The December 5 Move: Not a Coincidence
The approximately 120% rise on December 5 was not a “pump” for me, but a recalibration process.
What truly mattered was this:
The clarification of support–resistance lines on the daily chart after the move
Wicks behaving in a level-respecting manner rather than chaotically
A price that was previously scattered settling into technical rules afterward
This is not something seen often in the market. Most coins lose their structure after such moves. LUNC did the opposite.
Daily Chart: A “Settled” Structure
On the daily chart after December 5:
Horizontal levels are clean
Previous highs act as meaningful resistance
Lows are not random, but defended within the same range
This type of structure is what technical analysts favor. Because:
Risk can be clearly defined
Scenarios can be constructed
Stops and targets can be placed logically
Not a Psychological Break, but Technical Maturation
There is an important distinction here.
This process is not merely a “psychological recovery”; it is technical maturation.
The price is:
Less manipulative
Less irregular
More respectful of levels
And this tells me one thing:
The market has begun to reprice $LUNC .
Conclusion: Why Am I Positive?
As a technical analyst, this is what I see when I look at LUNC:
A community that has not abandoned the project
A chart moving from chaos into discipline
A price structure that settles rather than disperses after a strong rally
For this reason, I have been technically positive since December 5.
This does not mean “it will immediately take off.”
But it does mean it is an asset whose chart deserves to be taken seriously.
