Is the $60 million buyback of #AVAX the secret to the Terra Luna Classic (LUNC) price surge?

The move has recently generated much anticipation in the LUNC community, with debates on how the funds will be used. Currently, LUNC is trading at $0.0000886, and despite the somewhat weak overall market backdrop, LUNC price is still trending up.

If the funds from the buyback are used to burn #LUNC , the price could break above $0.0001. The destruction of around 12% of the circulating supply could create FOMO among investors, stimulating the price to climb even further.

Technical analysis shows that LUNC is trading within an ascending channel, with support at 0.000084. If it breaks above 0.00015, the upside potential could be as high as 53%. However, if the price falls below the support level, the risk increases. The coming weeks will determine the future of LUNC amid the explosive buyback of $AVAX . Keep a close eye on it!

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