Foreign media reports that Terra Classic (LUNC) recently rebounded from around $0.000073, rising to nearly $0.00009, a single-day increase of over 10%. Accompanying the rebound, trading volume increased by over 160%, indicating a significant recovery in short-term buying.
Prices approach key resistance
The article argues that LUNC is currently trading within a relatively clear supply and demand range. Buying pressure persisted during the previous pullback, while selling pressure repeatedly appeared around $0.0001, limiting price rebounds.
Looking at the trend, LUNC's recent lows have been gradually rising, indicating that funds are still willing to buy at lower price levels. Foreign media noted that fund flow indicators remain above the baseline, and the high trading volume during the rebound has supported this recovery.
The range of 0.0001 to 0.00011 US dollars is a short-term watershed.
The article considers the $0.0001 to $0.00011 range as the most important resistance level. If the price effectively breaks above this area, short-term selling pressure may ease, and market attention will shift to the next higher level around $0.00014.
However, if buying pressure fails to increase further and prices encounter resistance in this range again, LUNC may still fall back and retest the demand zone below $0.00008.
- The current price is approximately: $0.00009
- Key resistance zone: $0.0001 to $0.00011
- Key support levels below: approximately $0.000073 to $0.00008
Community sentiment continues to provide support
In addition to short-term trading factors, the article also mentions that Terra Classic's continued progress in token burning and ecosystem-related developments continues to support community sentiment and attract some speculative attention.
Overall, foreign media outlets believe that LUNC is approaching a directional decision point. Whether it can break through $0.0001 in the short term will determine whether this rebound can continue.
