Terra Classic (LUNC) Price Surge Analysis

The value of Terra Classic (LUNC) has been on a steady rise owing to deliberate token burns, thereby enhancing investor confidence and traction in purchasing. With a current trading price of $0.0001227, LUNC has recorded a 3.59% appreciation in the last 24 hours. This upward movement initiated at $0.0001186, peaked at $0.000124, and then retreated slightly to its present value. The notable surge in trading volume by 76.61% to $41.29 million signals strong buying interest and the likelihood of further positive movements.

In the short run, the price trend indicates a bullish stance. Repeated testing around the $0.000120 support level showcases substantial demand and interest from the market. The significant $0.0001186 support level, corresponding to the starting price of the day, serves as a robust foundation after effectively enduring previous downward pressures.

As for resistance levels, the immediate hurdle at $0.000124 has been touched...