Terra Classic price breached the $0.00011495 key roadblock with an intra-day high of $0.00012900, but the breakout proved premature.

With LUNC still broadly bullish, the price could take another 15% swing at the key barrier amid abounding USTC hype.

It comes after Luna Classic Labs acquired 25.6 million USTC worth about $500,000 as part of its Treasury Reserve Policy.

The bullish thesis will be invalidated upon a break and close below $0.00008392 level.

Terra Classic (LUNC) is on a recovery rally, ploughing back to recover the ground lost after a steep fall as the price action consolidated within a descending parallel channel. The $0.00005234 support floor came into play, breaking the fall and providing the launchpad for a recovery.

Also Read:  Terra Classic community ends minting of USTC tokens, opens doors to token burn