⚓️ $LUNC, the former #TerraClassic token, broke a significant descending trend line on the 4-hour chart and is currently re-testing that line.

📊 Technical & Strategy

If the re-test is successful, the potential resistance levels marked by the yellow lines are $0.0000645, followed by the $0.000068–$0.000072 range.

RSI is in the 60–64 range on the 4-hour chart, not close to the overbought level; this prepares the ground for dynamic rises after the breakout.

The transition to the positive MACD zone and the rise in ADX indicate that the bullish momentum is strengthening.

The increase in volume confirms the breakout; it is important that the breakout supports again after the re-test.

⚙️ Fundamental Notes

LUNC is the native token of the “Classic” version of the Terra ecosystem; it operates with staking, governance, and transaction fee burning mechanisms.

However, due to its meme-like nature and lack of a roadmap or project funding, it carries a high volatility risk.

‼️ This is not investment advice.

#TerraClassic #Crypto #LUNC