06.12.2025 16:14
Fueled by an unprecedented wave of social media buzz, the Terra Classic (LUNC) token has experienced a remarkable surge, effectively doubling its market value within a mere 48-hour span. This powerful upward trajectory has not only shattered a multi-month declining trendline but also seen the price firmly establish itself above crucial Exponential Moving Averages (EMAs). However, a highly elevated Relative Strength Index (RSI) at 86 signals a significant risk of being severely overbought. Following this vertical ascent, a symmetrical triangle pattern has emerged on the charts, potentially heralding either a continuation of the bullish momentum or a swift reversion to the mean.
Presently, Terra Classic is trading in close proximity to the $0.0000625 mark, demonstrating a daily increase of over 11%. This advance represents an extension of a dramatic breakout that effectively doubled the token's market capitalization in less than two days. The impetus behind this striking performance stems from an unusual surge in spot demand, a parabolic departure from a protracted downtrend spanning several months, and an unexpected event that propelled the token into widespread public discourse.
The catalyst for this extraordinary price action was notably unconventional. A viral video clip captured during Binance Blockchain Week depicted a prominent reporter wearing a LUNC T-shirt while facilitating a panel discussion. This seemingly minor occurrence ignited immediate and widespread attention across social media platforms. Despite some observers deeming the reaction irrational, the ensuing price movement underscores the principle that market visibility can often supersede fundamental analysis.
Data sourced from Coinglass reveals a substantial influx of capital into LUNC, with net inflows reaching $3.53 million yesterday and an additional $1.46 million today. These figures collectively represent the most robust two-day accumulation period observed throughout the year. For the majority of this year, LUNC had been subjected to persistent outflows, indicative of asset distribution and a waning investor conviction. The recent dramatic reversal of this trend, marked by this significant inflow, sends a clear message: fresh capital is now entering the ecosystem rather than exiting it. Typically, when an asset with relatively low liquidity suddenly attracts such substantial inflows, its price reacts with vertical movement due to the inability of the order book to absorb the sheer volume of demand.
Technical analysis of the daily chart further illustrates a significant structural shift, with LUNC successfully breaching a descending trendline that had consistently capped rallies since March. This breakout was accompanied by the price surpassing the 20, 50, and 100-day EMAs, which are now clustered between $0.0000351 and $0.0000432 and are expected to serve as support levels rather than resistance.
