Terra Luna Classic (LUNC) Price Surges Significantly, Showing Bullish Trend Over the Past 24 Hours

The cryptocurrency is witnessing increased momentum, increasing its price after a weekly burn. This upward trend signals the potential for further gains

Terra Luna Classic (LUNC) price rose during the past 24 hours, continuing to show strong bullish momentum. The cryptocurrency showed signs of recovering from a recent decline, and traders kept a close eye on the token’s price movements.

Terra Classic Price Surged As Burn Rate Increases To 726 Million

According to data from LunaMetrics, 101 LUNC tokens were burned in the last hour, and over 726 million were burned in the past seven days. This burn activity played a crucial role in the token’s price increase.

In the past hour, there have been a total of 101.00 $LUNC tokens burned and 1 transactions.

TODAY BURNED By TX: 6,101.00 By TAX: 15,008,049.70 Total: 15,014,150.70

Website: https://t.co/q4WijVKbSr#luncarmy #lunc

The burning initiative remained a key part of altcoin’s strategy to restore value to the Terra Classic ecosystem. A recent community proposal suggested allocating a portion of the LUNC burn to the ecosystem development fund.

While the cryptocurrency showed strong bullish momentum, the broader crypto market displayed mixed signals.

LUNC Price Gained, But Market Showed Correction

The total crypto market cap fell slightly and stood at $3.1 trillion, showing a 0.04% decrease in the past 24 hours. Top coin BTC remained above the $67,000 level, while ETH, SOL, and XRP showed a price decrease over the same period.

Among the top ten cryptocurrencies, only BNB, ADA, and MATIC showed slight gains, but the overall market sentiment remained uneasy. Most crypto prices showed signs of recovering from a recent decline, but the market was still digesting these movements.

Can Terra Classic Price Reach $0.00015 Soon?

The Moving Average Convergence Divergence (MACD) indicator showed a positive crossover, suggesting bullish momentum could continue in the near term.

Terra Luna classic price showed promising signs of recovering from a recent decline. A positive shift could see top altcoin cross its current resistance level of $0.0001. If it manages to cross this mark, the next target for the cryptocurrency could be $0.00012.

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