the daily trading range has been less than 5 % most sessions, which is unusually calm for LUNC.
Why the 410 B burn matters (and why it hasn’t moved price… yet)
MilestoneDate hitTokens destroyedShare of total supply*Main contributor(s)400 BJan 28 2025400.6 B≈ 6 %Community + Terraform Labs court-ordered burns 405 BMar 12 2025405 B≈ 6.2 %Binance 30th batch (736 M) + on-chain tax 410 B (expected)Late Q2 2025?410 B≈ 6.3 %Ongoing Binance monthly fee burn + community wallets
*Assumes ~6.5 T LUNC still outstanding.
Burns chip away at supply, but the pace is slow relative to the 6-trillion-plus float, so each incremental 5 B-10 B rarely changes the short-term valuation math. Traders are watching for either:
Acceleration in burn rate – e.g., a new governance proposal that raises the on-chain tax, or an additional CEX joining Binance’s 50 % fee-burn pledge.
Demand shock – new utility (dApps, staking yields, chain upgrades) or a broader risk-on move in alt-coins.
So far, neither has materialized convincingly, which is why price keeps fading despite the deflationary headlines.
Resistance: $0.000073 (this week’s high, overlapping the 50-day EMA).
Structure: Sideways channel, lower highs since the December 2024 peak (~$0.00017), but also higher lows since the mid-April washout, forming a contracting triangle. A decisive break of either boundary tends to bring follow-through in LUNC. $LUNC DXY pullback / ETH ETF inflowsBullish for altsOngoingUnfavorable SEC ruling on crypto stakingBearishAny time #ETCUSD $ETH
$LAYER /USDT LONG TRADE SIGNAL – SHARP REVERSAL CANDLE BREAKS STRUCTURE, BULLS IN CONTROL!
LAYER is trading at $0.7930 with a strong +3.01% gain on the 15-minute chart. After consolidating below $0.7800, price exploded with a long green engulfing candle, reclaiming the short-term resistance and confirming bullish intent.
Trade Setup:
Entry Price: $0.7900–$0.7935
Take Profit (TP): $0.7997
Stop Loss (SL): $0.7901
Why Long? LAYER formed a clean bullish engulfing pattern from the $0.7720 lows. The current candle has flipped structure and invalidated lower highs, suggesting follow-through towards the next intraday high around $0.8000.
Risk Management Tip: With tight SL and close target, this setup offers a high R:R scalp. Book profits fast and avoid chasing after the first TP is hit.
Don’t let this breakout fly without you — enter smart, exit richer! Ride the momentum before it fades — profits favor the fearless!
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