Terra Classic (LUNC) is showing renewed signs of strength today, climbing 4.45% in the last 24 hours to trade at $0.00004363. The move comes as investors reenter the market, potentially capitalizing on short-term volatility and speculation around network developments.
LUNC’s market cap has risen to $240.14 million, up 4.45% within the same period. However, trading volume dropped significantly by 36.08% to $13.66 million, suggesting a cooling phase after prior activity spikes. The fully diluted valuation (FDV) currently sits at $283.03 million, reflecting stable investor sentiment.
Despite the volume dip, the vol/market cap ratio remains at 5.69%, indicating fair liquidity levels across exchanges. The circulating supply stands at 5.5 trillion LUNC, while the total supply is 6.48 trillion, maintaining LUNC’s position as a high-supply, community-driven token.
Related article: Last Chance Rally? LUNC Holds the Line at $0.00005278 Amid Week-End Pressure
Whale Accumulation and Gradual Recovery Support Uptrend
Over the last 24 hours, LUNC traded between a low of $0.00004147 and a high of $0.00004389, maintaining a steady upward trend after testing short-term support near $0.000041. The upward momentum began around midday UTC, with bulls gradually taking control toward the end of the trading session.
24-hour price chart Source: CoinMarketCap
Currently, the token’s price trajectory appears supported by mild accumulation and potential whale entries around key psychological levels. The price performance remains a far cry from its all-time high of $119.18 recorded in April 2022, but significantly above its May 2022 low of $0.00001675 marking a 160.63% rebound from that bottom.
Community Efforts and Supply Burns Revive Confidence in LUNC
While trading volume has slowed, the recent green wave signals that confidence is slowly rebuilding in Terra Classic’s ecosystem. The community continues to push for supply burns and validator initiatives, which could contribute to sustained growth if momentum continues.
Related article: 24H Price Analysis Terra Classic (LUNC) Holds $0.000052 Support as Bears Tighten Grip — What’s Next?
LUNC’s short-term momentum paints a cautiously optimistic picture. As long as bulls maintain control above the $0.000042 support level, Terra Classic could attempt to retest the $0.000045 zone in the coming sessions. However, traders should watch for volume confirmation to validate the current breakout attempt.
