LUNC maintains strong upward momentum, with technical indicators showing a bullish alignment and significant increase in volume. 0.0000427 serves as a key support level; if it holds above this, there is potential to challenge the 0.0000500 area in the short to medium term. The network upgrade has limited impact on liquidity and is not considered a bearish factor, while continued large holder positions have strengthened fundamental confidence. Strategy recommendation: consider buying in batches near 0.0000427 during pullbacks, maintain an upward bias, and promptly cut losses if key support is broken.

Recently, LUNC rebounded from around 0.0000373, posting consecutive days of rising volume and closing at 0.00004525 on April 16, marking a six-month high. The daily chart shows that price has decisively broken through four EMA lines and is holding above the 200-day EMA, forming a clear bullish structure. Regarding volume, massive buying on April 10 and 11 laid the foundation for the subsequent advance, and the renewed surge in volume on April 16 confirmed persistent bullish demand. In the short term, as long as the price stays above the long-term support at 0.0000427, the bullish trend may continue, targeting the 0.0000500 area.

Upbit suspended LUNC withdrawals from April 17 to facilitate a network upgrade, but deposits and trading services remained fully operational. While this may prompt some short-term adjustment in trading rhythm, overall liquidity remains unaffected. Combined with the current bullish momentum, the network upgrade event is considered moderately positive and does not create increased selling pressure, helping to maintain market stability.

According to the latest disclosures, leading industry exchanges have been accumulating LUNC since 2018 and refrained from selling at local highs to avoid market panic. From the perspective of large holders, this patient attitude demonstrates confidence in the project’s fundamentals. This long-term holding strategy not only reduces potential selling pressure but also provides foundational support for the market. For long-term investors, the fact that whales are not panic selling adds tangible value backing to the token.

In his book "Binance Life," CZ discussed Binance's 2018 investment of $3 million in Terra's native token LUNA, made before UST existed. Despite LUNA's value soaring to $1.6 billion before its 2022 collapse, CZ chose not to sell to avoid market panic, prevent a rushed large-scale exit, and not appear to be selling ahead of retail investors. Binance still holds some LUNC tokens from that original investment.

CZ talks about holding LUNA since 2018 without selling: He doesn't want everyone to think Binance is "running ahead of retail investors."

Terra Luna Classic

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

Bybit

Live chart for Terra Luna Classic to USD conversion. Check out LUNC to USD prices in real time. Convert, buy, sell, and trade Terra Luna Classic on Bybit.

Terra Luna Classic Price: LUNC Live Price Today | LUNC Market Cap & Chart Analysis | Bybit

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LUNC price today is 0.00, with a live price change of 2.50 in the last 24 hours. Convert, buy, sell and trade LUNC on Bybit.

Track Terra Luna Classic live price, market cap, 24-hour trading range, and real-time chart data on Bybit.

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