- LUNC returns to its divergence break-even point after a sharp reversal, reinforcing the structure that created the conditions for a powerful upside move.
- Terra Classic posts an 80% surge supported by rising volume and growing community activity as traders respond to the completed bullish divergence.
- Market attention increases as LUNC recovers long-tested support while discussions build around upcoming legal proceedings tied to the Terra ecosystem collapse.
LUNC recorded an abrupt resurgence as buyers pushed prices sharply higher, supported by renewed market activity and growing attention surrounding the asset’s recent technical structure.
LUNC Breaks Back Above Support After Bullish Divergence
Prices of LUNC recovered to the divergence break-even point after a steep drop, a move trader JavonMarks described as a key development. In his assessment, the asset formed a broader bullish divergence as momentum climbed despite price forming lower lows. This recovery erased the earlier breakdown and brought price back above long-tested horizontal support.
The return to the break-even level marked the completion of the divergence structure. Market watchers often regard this type of snapback as evidence of firm demand at the lows. The sharp reversal candle that reclaimed the support area suggested the prior decline was more of a liquidity sweep than a directional shift.
According to the projection shared in the post, the current structure holds room for a potential move toward $0.000156–$0.00021. This range lines up with previous supply zones and reflects the estimated +259% to +270% upside if the trend framework remains intact.
Community Activity Grows as Volume Surges
Beyond the chart setup, Terra Classic posted a sharp 80% jump within 24 hours, lifting the price to $0.000056. Trading volume climbed to $670 million during the move, signaling renewed engagement from traders and short-term participants. As activity increased, the market cap rose above $300 million.
The surge followed a public appearance connected to the project in Dubai, which revived conversation around the network and its path since the 2022 collapse. The brief moment stirred reminders of the community’s efforts to restore confidence in the ecosystem.
Burn activity added to the broader narrative, with more than 680 million tokens removed in a single day. While the asset remains far below its peak valuation, the latest activity showed continued interest from segments of the community.
Market Recalls the Past as Legal Proceedings Approach
LUNC’s remarkable rapid price increase closely follows a renewed discussion about the factors that caused the decline of the Terra ecosystem in 2022, which resulted in $40 billion in market value being erased due to the resulting collapse of UST from its peg. After the UST collapse, many market participants sustained significant losses as a result.
As the market revisits those events, users continue to monitor the upcoming December 11 court date involving founder Do Kwon. The pending sentencing has kept the project in the broader conversation as regulatory and legal matters progress.
Even with the renewed activity, Terra Classic remains nearly 99% below its former peak. However, the combination of technical developments, trading volume, and community activity continues to draw attention as the market observes the next steps for LUNC.
