LUNC currently shows significant short-term bullish momentum. If it can effectively break through the 200-day moving average (0.0000427), it may advance toward the 0.0000500 area. For short-term positioning, it is advisable to use the breakout-pullback confirmation as the entry criterion, and set a stop-loss below 0.0000400. However, be alert to potential selling pressure from long-term core holders and supply release risks. Maintaining high positions should be dynamically adjusted based on ecological development and actual deflationary progress. It is recommended to gradually reduce positions at higher levels to avoid retracement risks from a sharp price decline.

Recently, LUNC rebounded from the 0.0000364 level. Consecutive bullish candles last week, with increasing volume, drove the price from 0.0000377 up to 0.0000418, with daily trading volumes reaching nearly 10 billion. For the first time, all short- and medium-term EMAs were reclaimed, and the price is approaching the 200-day moving average. A preliminary bullish arrangement is forming on the daily chart, confirming short-term momentum. However, close attention should be paid to the key resistance at the 200-day moving average (around 0.0000427); a breakout could unleash further upside potential.

Upbit launched a network upgrade and suspended withdrawals starting April 17, but kept trading and deposit channels open, easing systemic panic caused by the withdrawal restrictions. The upgrade has limited impact on short-term market liquidity. On the contrary, the separation of deposit and withdrawal channels narrows the window for potential sell pressure, helping to maintain the prevailing bullish sentiment.

Binance still holds a portion of its LUNC from its early LUNA investments in 2018, indicating that core whales retain long-term confidence in the project. However, these unrealized tokens could still become potential selling pressure if the price corrects or sentiment shifts. While this seems favorable for the short-term, if momentum fades, whales’ willingness to reduce holdings may still weigh on the price.

In his book "Binance Life," CZ discussed Binance's 2018 investment of $3 million in Terra's native token LUNA, made before UST existed. Despite LUNA's value soaring to $1.6 billion before its 2022 collapse, CZ chose not to sell to avoid market panic, prevent a rushed large-scale exit, and not appear to be selling ahead of retail investors. Binance still holds some LUNC tokens from that original investment.

CZ talks about holding LUNA since 2018 without selling: He doesn't want everyone to think Binance is "running ahead of retail investors."

In the short term, watch whether the price can hold above the 200-day moving average. Breaking 0.0000427 would open space toward 0.0000500, with a stop-loss set below the short-term support at 0.0000400. In the mid-to-long term, it is necessary to consider selling by core holders as well as sustained ecosystem development. Only by fostering active application scenarios and implementing a reasonable burn mechanism can the price sustainably break out of its current consolidation range.

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Live chart for Terra Luna Classic to USD conversion. Check out LUNC to USD prices in real time. Convert, buy, sell, and trade Terra Luna Classic on Bybit-ge.

Terra Luna Classic Price: LUNC Live Price Today | LUNC Market Cap & Chart Analysis | Bybit-ge

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LUNC price today is 0.00, with a live price change of 3.63 in the last 24 hours. Convert, buy, sell and trade LUNC on Bybit-ge.

Track Terra Luna Classic live price, market cap, 24-hour trading range, and real-time chart data on Bybit-ge.

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