The price of TerraClassic has experienced huge volatility this month and a wild rally took place, marking a monthly high of around $0.00032. The token registered a sharp jump of nearly 60% after crypto-giant Binance announced the implementation of the burn mechanism on trading fees. While the founder, Do-Kwon’s era, ran as many as 125 countries when he made a big noise.
However, the LUNC price being largely unaffected by these factors led to a minor bull run and currently resides above the crucial support at $0.00025. While the asset is displaying enormous strength, the expectation of a bullish close also hovers within the crypto space. Therefore, the price is further expected to break out of the consolidation and range high to mark a bullish close for Q3 2022.
The price of the LUNC was close to testing the end point of the defense before the dramatic spike and eventually added to its value to zero. However, Binance turned out to be a boon that pushed the price up and forced the asset to move towards the upper target.
Presently, the LUNC price appears to be due for another major breakout as the price reaches the apex of the consolidation. With a breakout, the price may rise beyond $0.0004 after testing and clearing the crucial resistance between $0.00033 and $0.00035. This move may be fast approaching as something big is about to occur on the LUNC platform soon.
Hailey LUNC, one of the well-known crypto and NFT promoters, believes that a big announcement is fast approaching. In the recent past, several exchanges have been moving to implement the LUNC burn, while one of the popular exchanges, Coinbase, is yet to list the token. So, if the promoter hints at a bigger announcement, it will be interesting to see if it includes a Coinbase listing.
