The recent LUNC price dip wiped out a heavy chunk of over-leveraged long positions, triggering a shake-out that’s typically answered with a rapid price rise. Powering up triple-digit percentage bull rallies for Terra Classic (LUNC) on numerous occasions in 2024, LUNC is expected to react in a similar fashion, notes technical chart analyst Derek.
306% Upswing Potential Hints At LUNC’s 2024 Run
Following a double-digit downturn infused with geopolitical drama and the staggering $19 billion liquidation event for crypto, Luna Classic’s price is finding its foot at $0.000044, bolstered by a positive MACD & an oversold condition on the Relative Strength Index (RSI). “This is just the beginning”, – declared Derek a.k.a Kimmy Boy to his 12.4K audience on X.
However, Bitcoin’s (BTC) back-and-forth from $104K to $113K over the past 7 days has taken its toll in terms of volatility on LUNC, usually very responsive to BTC’s price movement. On top of that, Luna Classic’s Layer-1 chain dramatically plunged in trading volume, gathering just $12.88 million on Thursday, according to CoinGecko.
Dull Volumes Hint At Concerning Whale Behavior
Surely, today’s turtleish volume contrasts to the usual $50 million garnered on daily average last month, but this could be partly explained due to some validators still being offline after the latest chain upgrade. Even though the V3.6.0 reached the mainnet smoothly, some technical setbacks remain, lowering the usual number of running nodes.
As if that wasn’t enough, the high correlation between Terra Luna Classic (LUNC) & the flagship digital asset didn’t play out well, as the freefall from $0.000053 all the way to $0.000035 on October 11, 2025 wasn’t fully recovered. Now, riding the mid-tier Bollinger Band (BOLL) at $0.0000404, the embattled altcoin is embracing oversold territory on the 4-hour charts.
Hovering between 12 & 13, both StochRSI oscillators suggest the asset is on a ‘discount’ given the current market environment. On one hand, this could serve as a power-up given that crypto whales accumulate more positions, but the real-time Chaikin Money Flow (CMF) shows the large investors are not convinced.
At -0.17, the CMF hints at the biggest LUNC holders still selling, so holders must watch out for the $0.00004 level as key support this week, while a break below this level could send LUNC to retest the demand area of $0.000035 for the second time in a fortnight.
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People Also Ask:
A top analyst suggests Terra Luna Classic could rise 306% from its current $0.0000404, potentially hitting around $0.0001643, based on a technical signal.
Market conditions are erratic, while the recent drop to $0.0000404 shows volatility—past gains don’t ensure future results, especially with its shaky history.
The MACD indicator points to an oversold reversal, and the analyst sees potential if Bitcoin holds steady, but these are speculative and not guaranteed.
Yes, factors like the ongoing U.S. shutdown, regulatory uncertainty, or further selling could keep LUNC’s price stagnant or push it lower.
Monitor Bitcoin’s sideways trend, LUNC’s support around $0.00004 & keep an eye out for DailyCoin’s updates on Luna Classic.
