Terra Luna Classic (LUNC) surged over 21% in 24 hours, reaching $0.00004419 with a 382% explosion in trading volume. The breakout from a descending channel marks a potential structural shift, but analysts note a concerning divergence where aggressive sell orders still dominate despite the price rise. The next key test is the $0.00004620 resistance level, which will determine if the rally has staying power or is a short-lived spike fueled by retail and leverage.
The price of Terra Luna Classic [LUNC] experienced a powerful impulse, rising 21.84% to $0.00004419 with trading volume exploding 382.87% to $61.34 million. This sharp alignment between price and liquidity signals aggressive capital rotation as buyers stepped in with urgency.
Market capitalization stood at $241.55 million, reflecting renewed speculative appetite for the asset. After weeks of compression, the price broke out of its descending channel following a rounded base formation near $0.00003260.
The move shifts the short-term structure upward, with price now approaching a critical neckline resistance around $0.00004620. Data from CryptoQuant shows a divergence, as the 90-day Spot and Futures Taker CVD still reflect sell dominance despite the breakout.
This signals aggressive market orders have not fully flipped to buy control, even as retail trading frequency spikes. At the same time, Open Interest surged 71.85% to $9.82 million, according to CoinGlass, signaling a flood of leveraged speculative capital back into the market.
The Relative Strength Index climbed sharply to 71.68, indicating intense upside momentum but also introducing short-term exhaustion risk. If buyers secure acceptance above $0.00004620 while taker dominance flips positive, continuation becomes likely.
