Terra Classic (LUNC) is back in the spotlight thanks to a new technical analysis suggesting a potential breakout. According to analyst Javon Marks, LUNC could skyrocket by 555%, provided a key bullish trend continues to unfold on the charts.
📈 What Could Trigger a Massive LUNC Rally?
In a recent post on X, Javon Marks highlighted a crucial breakout pattern forming on LUNC’s price chart. He noted that the token recently broke out of a long-term consolidation trend, now showing strong bullish signals across both price divergences and volume trends.
Marks believes that if momentum holds, LUNC could surge to $0.0004295, representing a gain of more than 555%. He added that similar previous setups led to sharp price movements, often occurring faster than most market participants expect.
🤔 Not Everyone Is Equally Optimistic
While the outlook is promising, not all investors are convinced. Some analysts point out that LUNC continues to move relatively slowly compared to other altcoins, many of which have already posted strong gains. Still, the Terra Classic community remains hopeful – the token gained 10% this week and is currently just below its three-year high.
🔥 Burn and Stake Trends Driving Sentiment
LUNC remains one of the most deflationary cryptocurrencies in circulation. Over the past week, more than 365 million tokens were burned, pushing the total burned supply past 413 billion.
However, the staking data paints a more complex picture. Over 15 billion LUNC tokens were unstaked within one week, causing the staked supply to drop below 1 trillion. Observers believe this may be the result of moves by large “whale” wallets, rather than retail holders.
With LUNC's total supply currently around 6.49 trillion tokens, even significant burns or staking shifts are relatively modest in their impact.
🌐 Hopes for a Future USTC “Repeg” via Staking?
Strong community governance adds another layer of confidence in the project’s future. A recent proposal to introduce staking for USTC received overwhelming support from voters, including Vegas Node, the network’s second-largest validator. The node emphasized this was an initial step to gauge interest, with a technical plan to follow if passed.
The ultimate goal is to revive the long-discussed USTC repeg to the dollar, which could unlock new utility and user engagement for Terra Classic’s ecosystem.
What’s your take? Can LUNC make a comeback as one of the top-performing tokens?
#LUNC , #TerraClassic , #CryptoAnalysis , #Altcoin , #CryptoCommunity
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