Terra Classic (LUNC) has been trading in a narrow range over the past 24 hours, with the price positioned around $0.000058. This movement comes at a time when both technical patterns and recent legal news are shaping investor sentiment. On the chart, LUNC continues to follow an ascending channel, though momentum appears fragile as the token sits near the channel’s lower boundary. At the same time, news of co-founder Do Kwon’s guilty plea in the United States has added a fresh layer of complexity for traders.
Current Price Landscape
LUNC currently trades at $0.00005893, reflecting a dip of 4.56% within the last day. Despite the modest decline, the price structure remains intact inside the upward channel. The token’s positioning near support suggests the market is weighing its next move. A rebound could keep LUNC aligned with the broader uptrend, while a breakdown risks exposing lower levels.
EMA Resistance and Short-Term Pressures
The Exponential Moving Averages (EMA 20, 50, 100, and 200) illustrate the core challenge for buyers. All four moving averages are grouped closely together between $0.000060 and $0.000061. This alignment has created a heavy resistance zone that LUNC must overcome if momentum is to shift in favor of the bulls. So long as price remains below this cluster, upside attempts may stall, leaving sellers with the advantage in the short term.
The ascending channel that has shaped recent trading continues to guide expectations. The lower boundary around $0.00005800–$0.00005850 now serves as the key line of defense for buyers. Should this level fail, it would open the door to a retest of $0.00005600, potentially breaking the bullish structure of the channel. On the upside, the upper boundary near $0.00006500 marks the level where buyers need to push for a breakout. A move beyond that could trigger renewed interest, with price stretching toward $0.00007000.
Do Kwon Trial and Its Impact on Sentiment
Beyond the technical picture, the Terra ecosystem is once again in the spotlight following Do Kwon’s guilty plea in the United States. The Terra co-founder admitted to fraud-related charges tied to the collapse of TerraUSD and Luna, agreeing to forfeit over $19 million. Sentencing is scheduled for December, and prosecutors are reportedly considering up to 12 years in prison.
For LUNC, this legal outcome has two effects. On one hand, it provides clarity by resolving a major uncertainty that has weighed on the project since the 2022 crash. On the other hand, the pending sentencing may continue to cast a shadow, leaving some traders cautious until the matter is fully settled. In the immediate term, however, the guilty plea appears to have steadied sentiment, preventing panic but not yet inspiring significant optimism.
Related article: Terra Classic (LUNC) Surges Past $0.000061 as Bulls Regain Control
Outlook and Conclusion
The interplay between technical resistance and legal clarity defines the current state of LUNC. With price holding inside the ascending channel, the market remains balanced, though fragile. A rebound from the lower boundary combined with a break above the EMA cluster could fuel a rally toward $0.000065 and beyond. However, if $0.000058 gives way, sellers may quickly drag the token down to $0.000056 or lower.
At $0.000058, Terra Classic stands at a crossroads. The technical barriers above keep buyers cautious, while the legal developments surrounding Do Kwon create both relief and uncertainty. Over the coming sessions, volume and conviction will determine whether the token extends its channel upward or succumbs to renewed bearish pressure.
