Terra Luna Classic Price continued its acute declining trend, although the network that has achieved a major burning mark.
Terra Luna Classic (LuncHe decreased to the lowest level in $ 0.00007045 this week, which represents its lowest level since August 2024 and decreased by 55 % of its highest levels in December.
according to LuncmetricsThe network exceeded a burning landmark of 400 billion this week. More than 400.6 billion LUNC symbols have been burned so far, as the trend continues.
In the past seven days alone, 1.45 billion symbols have been burned, leaving 6.5 trillion, still circulating. TerraForm Labs, who applied for bankruptcy in 2024, is still the largest contributor to Tokeen Burns, after destroying more than 259 billion symbols as part of the American court order linked to bankruptcy procedures.
Binance burned more than 70 million symbols, while DFLUNC, Lunaturestoken and Mexc are among the next major shareholders. In theory, the burning reduces the circulating width of the cryptocurrency, which may increase its price by making the remaining symbols rare.
One of the reasons for the low price of LUNC is an increase in the number of holders of selling their coins. The savings percentage decreased from nearly 16 % in November to 15 % today, indicating a decrease in the investor commitment.
In addition, the data shows that more distinctive LUNC codes are transferred to exchanges. One wallet has moved over a billion symbols to Cryptex. In a detailed thread, the higher LUNC ratification ratios of these flows to modern market fluctuations and strategic monotheism by investors.
Terra Luna Classic appeared after the collapse of the original Terra ecosystem in 2022. Despite its struggles, it remains an important player in the encryption industry, as the market value reached more than $ 450 million.
Technical analysis of the lunc price
The Daily Chart explains that Terra Luna Classic reached its climax at $ 0.0001793 in December before it collapsed by more than 57 % to $ 0.000076. The currency has been broken below the rising trend line that connects the lowest levels since August 2024.
It also made the Terra Classic intoxicant intermediate averages for 50 days and 100 days a declining intersection. It also formed the style of the graph and the shoulders, while the oscillator such as the relative power index and the MACD indicators continued to decline.
Looking at these factors, the LUNC price is likely to continue in the declining direction, as the next main goal is 0.000050 dollars, which is its lowest point in 2024. This hippocal look will be nullified if the price rises above the upward trend line.
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