Terra Classic (LUNC) has experienced a notable upswing in the past 24 hours. The token rose 3.56% to $0.00006135, pushing its market cap to $344 million. This steady climb reflects renewed buying pressure and increased market interest, supported by a 37.86% spike in daily trading volume to $10.29 million.

Strong Trading Activity Fuels Gains

The price began the day around $0.00005913 before surging past $0.000061. A midday dip briefly cooled momentum, but LUNC quickly rebounded. The 24-hour high hit $0.00006177, while the low settled at $0.00005898. This pattern indicates that buyers are still in control despite intermittent profit-taking.

_{24-hour price chart Source: CoinMarketCap}

The surge in volume-to-market cap ratio to 2.99% suggests heightened liquidity and stronger trader engagement. The current circulating supply stands at 5.6 trillion LUNC, out of a total of 6.49 trillion. Investor sentiment has improved over the past day, with LUNC breaking above its short-term resistance level.

Related article: 24-Hour Price Analysis of Terra Classic (LUNC) at $0.00005790: Navigating a Consolidation Phase with Key Resistance and Support Levels

While still far from its all-time high of $119.18 recorded on April 5, 2022, the coin continues to recover from its all-time low of $0.00001675 reached on May 13, 2022, now up 265.91% from that bottom. This rebound, though modest in price terms, signals that the asset may be finding firmer ground after extended consolidation phases.

Key Factors Behind the Move

Rising market participation has been the primary driver in the past 24 hours. Stronger liquidity often attracts short-term traders, fueling quick price swings. The price’s ability to hold above $0.000061 after several intraday pullbacks highlights the resilience of current buying pressure. The 24-hour chart also shows multiple recovery spikes following minor sell-offs, suggesting that traders are stepping in quickly to accumulate during dips.

Related article: Terra Classic (LUNC) Holds $0.000061 as Momentum Wavers – What’s Next in the Next 24 Hours?

If momentum continues, Terra Classic could attempt to test the $0.0000625 region in the short term. Sustained volume above $10 million may provide enough fuel for a push toward stronger resistance zones. However, a drop below $0.000060 could signal a short-term cooldown.

For now, LUNC’s steady climb and improved trading activity point toward a cautiously optimistic short-term outlook. Traders will be watching to see if this uptrend solidifies into a broader rally or remains a brief relief bounce.