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Binance Burns 4 Billion Terra Luna Classic (LUNC) TokensBinance burns almost 4 billion Terra Luna Classic (LUNC) tokens, with total LUNC burn by the community reaching 83 billion. The world’s largest crypto exchange Binance burns almost 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of the LUNC burn. With the latest LUNC burn, the total LUNC burn by the crypto exchange to date reaches more than 43 billion, 52% of the total tokens burned by the Terra Luna Classic community. Traders didn’t immediately respond to the Binance burn. Binance’s Net Terra Luna Classic (LUNC) Burn Reaches 43 Billion Crypto exchange Binance sent 3.90 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the transaction on December 1. Binance continues contributing to the community’s LUNC burn campaign to reduce the LUNC circulating supply after the exit of Changpeng “CZ” Zhao as Binance CEO. Notably, the 16th batch of the LUNC burn mechanism is for the period October 31 to November 29. With the latest burn, Binance has burned over 43 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs. The community has burned nearly 83 billion LUNC tokens. In November, Binance burned 760 million Terra Luna Classic (LUNC) tokens, the lowest till now. The burn rate significantly declined amid FUD, reduced developer activity, and a fall in LUNC trading volumes on the exchange. However, the massive jump in trading volumes this week resulted in this huge LUNC burn the community hasn’t seen in the last few months. Binance launched a USTC perpetual contract and new USTC trading pairs FDUSD and TRY, which contribute massively to the exchange’s trading volume. Terra Luna Classic ecosystem tokens fell in the last 24 hours, with LUNC and USTC giving up some recent gains due to profit booking in the broader crypto market. However, LUNC price jumped 65% this week, with the price currently trading at $0.000142. The 24-hour low and high are $0.000114 and $0.000121, respectively. However, the trading volume has decreased in the last 24 hours. Meanwhile, USTC price rallied 350% this week, with the price currently trading at $0.051. The 24-hour low and high are $0.050 and $0.055, respectively.
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by DEXWireNews
LUNC/USDT Bullish Trajectory in the Spotlight? 👀 🚀LUNC💎 Paradisers, turn your attention to LUNCUSDT as it showcases a compelling performance in the demand zone, signaling a strong likelihood of breaking through its resistance level for an upward trend. 💎 Reflecting on its past behavior, LUNCUSDT has a consistent record of surmounting its descending trendline, leading to bullish movements. Currently, after facing a rejection at the resistance level of .9673, the odds are tilting in favor of a resistance breach. This is further bolstered by its recent sweep of buying liquidity, reinforcing its position in the demand zone and the potential for continued upward momentum. 💎 However, should LUNCUSDT falter in maintaining this upward trajectory and descend below the demand level of .7806, a bullish strategy from the support level may come into play. A break below this threshold could pave the way for short-selling opportunities.
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by MyCryptoParadise
4
Why Is Luna Classic (LUNC) Price Skyrocketing Today?Luna Classic (LUNC) price has skyrocketed by 60% in response to strategic investment and USTC perpetual contract launch by Binance. The sudden upsurge witnessed in Terra Classic tokens in the last 48 hours is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to inter-blockchain communication (IBC). LUNC price has skyrocketed by 60% in response to strategic investment and perpetual contract launch by Binance. Terra Luna Classic (LUNC) Gains 60% With multiple key proposals passed by the community and positive sentiment amid broader crypto market recovery, Luna Classic Labs purchased 25.6 million USTC worth about $500,000 as part of its treasury reserve policy at an average purchase price of $0.021 per USTC. Trader QT, a partner of Luna Classic Labs, stated this is an initial investment. It resulted in a 100% jump in USTC price, with the community noting a breakout above resistance. USTC witnessed a further pump as investors also poured money into USTC. It triggered an upside move in the Terra Classic (LUNC), with traders noting a massive increase in liquidity and trading volumes. Binance Futures launching the USD-M USTC Perpetual Contract with up to 50x leverage sparked further rally. USTC price climbed nearly 400% in two days. The announcement further raised community sentiment, while also speculating whether it was already known to some investors as the Terra ecosystem tokens witnessed sudden rallies. LUNC price also jumped and made a 60% gain amid the events. The price is currently trading at $0.000119. The 24-hour low and high are $0.0000787 and $0.0001256, respectively. Furthermore, the trading volume has increased by 1120% in the last 24 hours, indicating interest among traders. USTC price trades at $0.055, paring earlier gains to 191% in the past 24 hours. The 24-hour low and high are $0.015 and $0.068, respectively. The trading volume has also slid briefly after Binance’s USTC perpetual trading announcement.
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by DEXWireNews
Terra Luna Classic Proposal For v2.3.0 Upgrade Officially PassedTerra Luna Classic proposal for the v2.3.0 upgrade has been approved by the community through governance voting. The on-chain deployment of terrad client v2.3.0, also referred to as “v6” incorporates dynamic validator commission module. Traders reacted immediately to the passing of the proposal with LUNC price rebounding again. Terra Luna Classic Community Passes v2.3.0 Upgrade Proposal The Terra Luna Classic community has approved Proposal 11874 “Upgrade to v2.3.0”. The proposal aimed to introduce dyncomm module, integrating protocol logic for determining minimum validator commissions based on voting power. The scheduled upgrade height is 15493370, anticipated to happen on November 20 at 11.19 AM UTC, according to data by StakeBin. The proposal has received 93% “Yes” votes and 7% “Abstain” votes. It indicates the community has unanimously favored the proposal for dynamic validator commission. Among the 60 validators who participated in the voting, 58 validators have favored the proposal. This includes top Terra Luna Classic validators including All nodes, Interstellar Lounge, Happy Catty Crypto, Terra CVita, and Inter stake One. LUNC Price Surges LUNC price jumped 1% after hitting a 24-hour low of $0.000074, with the price currently trading at $0.0000758. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in the interest of traders. LUNC price rebounded amid the market-wide recovery, up nearly 40% in a month. Meanwhile, USTC price trades at $0.013, up 20% in a month.
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by DEXWireNews
Terra Classic (LUNC) Monumental Price Surge.Terra Classic (LUNC) is currently showing promising signs of a substantial price breakout. With a 3D breakout pattern in progress, investors are eagerly anticipating a significant move that could potentially result in extraordinary gains. One of the standout features of Terra Classic’s recent performance is its commitment to following a consistent trend. Building on the momentum of previous breakouts, the cryptocurrency has maintained a steadfast trajectory towards its target price of $0.000593. This dedication to the established trend is a promising indicator for buyers. A Potential 720% Price Increase price surge for Terra Classic is a strong possibility of a remarkable increase of over 720%, which could translate to an increase of more than 8.1x in value. If this projection holds, it could bring substantial profits for those faithful to LUNC. Terra Platform’s Momentum Furthermore, Terra Classic’s performance reflects a broader trend within the Terra ecosystem. The Terra Platform, which Terra Classic is a part of, seems to be on the verge of a massive recovery. This resurgence could position Terra as a dominant force in the cryptocurrency market, ushering in a new era of innovation and market influence. A recovery from the surprising crash could be one of the most remarkable stories in the history of the crypto market. While the cryptocurrency market is known for its volatility, the forecasted monumental price increase for LUNC has generated significant excitement among investors and enthusiasts. LUNC is currently trading at 0.00009149, up 39.02% in the last 24 hours. The digital asset recently experienced a surge, after a major announcement from Binance.
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by DEXWireNews
1
Moon will back to the moonLuna pump with 100% profit last night, and stop at resistance. in this chart, I will try to explain what happen at luna. Rising wedge pattern last night movement stopped at previous resistance trendline and create a big rising wedge pattern . If luna pullback, rising wedge support can be a new higher low before continue bullish with 68% profit range . Resistance Line 0.9696 will be next strong resistance, this resistance are next bullish target Classic support (CSR) 0.5866 are previous resistance and became new support . this point will hold bearish movement FIbonacci Pattern 0.5843 Classic support are also fibonacci 0.618 support , target from this area at fibonacci 1.272, and this level are same as resistance line. And if this resistance break up , we will see this moon back to the moon . Don't forget to support this analysis, If you have any question, do not hesitate to contact me Your support at this analysis will also support Luna to reach bullish target Click here to check my other analysis
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by AzrulAzir
🔥 LUNC Falling Wedge Break Out: Short-Squeeze Potential! LUNC has been massively shorted over the last year, and with good reason, since the token is practically dead. However, this amount of shorting poses a risk for the bears. If we get more bullish price action in the near future, the amount of shorts being squeezed (liquidated) could result in a huge bullish move upwards. For now it's just speculation, but it's certainly a possibility. At the moment, I'm looking at the 1-year falling wedge pattern that has just broken bullish. This is the best case for the bulls in at least a year, very interested where this break out will bring us!
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by FieryTrading
5
LUNC (Luna Classic) - BUY & HODLI am buying and adding Classic Luna (LUNCBUSD , LUNCUSDT , LUNAUSD). It went to the Moon and then came back to Earth. Yeah, they pulled the rug or whatever, but it has potential. Moreover, it has proven to have a pulse, still.. So, I have bought millions, and will continue to stack LUNC. Where: a good level IMO is 0.000115 . Some Technicals: * Support Trend-Line * Running Flat * Ending Diagonal * Fibonacci Retracements I've been meaning to sync the Crypto Markets' next Bullish Cycles. The Fibonacci Time Zones point me to early '23 as a potential start. Stay safe & HODL!
LLong
by Lionheart-EWA
6
🔥 LUNA 1-Year Resistance Break Out: Short-Squeeze Coming? 🚨As of today, LUNA has finally broken out through a bearish resistance line that has been produced in September last year. In my view, this can be the break out that patient bulls have been waiting for. I'm waiting for a daily close above the resistance before calling the break out a fact. Stop below the Sept 4th resistance. Target at 2$. With LUNA being one of the most shorted tokens at the moment (it has no right to exist), this bullish push can be the trigger of a short-squeeze event that can bring LUNA back up towards the 2$ target or even more. Bears are sweating on this move.
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by FieryTrading
8
Unleash the Bulls: LUNCUSDT Strategic Move Profitable Horizons!💎 Attention Paradisers! It’s time to gear up for a golden opportunity! We’ve observed LUNCUSDT making remarkable progress, positioning itself in a demand zone and setting the stage for a bullish surge. 💎 The breakout is a beacon of hope, indicating a potential shift in market sentiment and signaling an impending bullish phase! 💎 Just a few days back, LUNC went through a significant dip following a structural break. But now, it seems to be on the rebound, regaining its bullish momentum. The vrvp is displaying considerable volume, reinforcing the bullish perspective. 💎 For those contemplating a trade, don’t forget to implement a proper stop loss. Aim for a stop approximately at 1.75% and tread wisely! Let’s stay sharp, make informed decisions, and embrace the profitable journey ahead!
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by MyCryptoParadise_Simon
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LUNA idea | LUNCUSDT signals "UPDATE"No Comments! Use technical analysis to identify potential support and resistance levels. Place stop-loss orders to limit your losses. Take profits when you reach your target. Be patient and don't expect to make quick profits. It is also important to remember that non-volatile markets can be unpredictable. Be prepared for the possibility of sudden movements in stock prices. Good luck! ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. ✅ Pls send me the name of the currency pair or index that you intend to review and analyze.
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by Arash-RK
LUNA idea | LUNCUSDT signalsTraders, The current market is non-volatile, with low financial strength and market capitalization. This means that stock prices are moving slowly and there is not much buying or selling activity. This type of market is often temporary, and the rapid movement of indices is likely to be short-term. There is also not enough strength to break through resistance or support levels. Once the Sydney and Tokyo markets open, we may see some improvement in the fluctuations of the market. However, it is important to be cautious and to trade with a plan. Here are some tips for trading in a non-volatile market: Use technical analysis to identify potential support and resistance levels. Place stop-loss orders to limit your losses. Take profits when you reach your target. Be patient and don't expect to make quick profits. It is also important to remember that non-volatile markets can be unpredictable. Be prepared for the possibility of sudden movements in stock prices. Good luck! Terra Luna Classic ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions. ✅ Pls send me the name of the currency pair or index that you intend to review and analyze.
Long
by Arash-RK
LUNCUSD Excellent short-term buy signalTerra Classic (LUNCUSD) just hit the 1D MA50 (blue trend-line) for the first time since July 22. The pattern is a Channel Down going back to early March and every time the price broke above the 1D MA50, it went all the way for the 1D MA100 (green trend-line) to form a new Lower High at the top of the Channel Down. As a result, we will buy the moment the 1D MA50 breaks and target the 1D MA100 at 0.00007550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:LUNCUSDLong
by TradingShot
2