Terra Classic LUNC Price Prediction - Why is LUNC Up 60% This Week?

本站添加: 2026-05-07

[00:00:00]Terra Luna Classic, the ecosystem that destroyed just about, well, everyone so it feels. This wiped everyone out back in the day. There was a horrible event that happened in 2022, which has still caused irreparable pain among thousands of investors. Is it back? What's going on? And let's talk about Luna Classic Terra. Luna Classic LUNC over here as look at this monthly performance, it's actually up two X at the time of making this video. Why is it going up like this? We went from $200 million to $413 million market capital.

[00:00:38]It's having its very own bull run regardless of everything else that's happening in the happening in the market. Terra Luna Classic blasts back into top 100. Retail dives in. LUNC has unexpectedly surged back into the crypto spotlight, briefly reentering the top 100 by market cap. So, absolutely insane. Um, you know, I don't think it's ever recover the way obviously has done, but it being up 14% on the day does strike a lot of interest. So, the leverage here is Luna Classic burns overall. And when we check the Luna Classic live tracker of the burns, you can see over the last 7 days 877 million, nearly 1 billion have been burned. However, I don't really think this is any, you know, it's not of any significance, right? When you compare the amount that have been burned, 444 billion since 2022, that's nothing compared to 6.46 trillion. That is still absolutely nothing. And And you know, if you want to burn all that supply, it's still going to take many many years to eradicate all of the supply and to drive that price up. So, I don't think this is just happening from burns alone. You wouldn't see a 2X rally on the price just from a few burns, which is a very very subtle amount in contrast to the overall total supply, which is 6.46 trillion. So, at the moment it's very interesting to see these charts. And as we look at the charts, you can see anyone that got in from around October 2025, you know, around here is up quite well. And And they're doing very well, and they've realized quite well from this. You can see that actually the the upside was good. If you got in December 2025, you're up 200% right now, which is actually insane, which is obviously showing some good reward. However, I don't really trust it, and I think we will actually see Luna Classic take a U-turn again soon. I I don't see any real longevity in this, although I could be wrong. I'm not a financial analyst or anything like that, guys. But, um, yeah, at the moment it it's interesting. I mean, it did break through this insane barrier of what was resistance, but what we can see right now is the third event where Luna Classic has been overbought on the weekly relative strength index. And so far, if we look at these events, one happened in November 2023, one happened in December 2024. Now, one has just happened over here in April 2026.

[00:03:03]So, obviously a lot of time between these events, but what we can recognize is between each one, the tops are lower every single time. And following each time we do go overbought on that relative strength index, we see the price actually drop. So, the first entity was a 54% drop. Second entity was like 70% drop. Um, and then the entity we've got now, well, there's not been no drop. There could be continuation, but actually the patterns of the past are telling us that maybe we're going to see a bit of a correction here. So, it's very hard to say what will happen with Luna Classic. It's been pumping like just insanely, but looking at this 4-hour chart right here, to me it starts to look like a rising wedge, which is a bit of a bearish reversal pattern. So, it would make sense hopefully to see some sort of correction out this, maybe see the price drop a little bit and fall into one of its Fibonacci support ranges. So, this is something I'm absolutely keeping my eyes peeled on. Absolutely I'm interested in understanding, and you know, fingers crossed things will get better, right? So, what have I decided to do? Well, I did just go short on Terra Luna Classic. Luna Classic, I put a short in. I'm also short on Bitcoin over here cuz I think Bitcoin could potentially drop to 73 to 74K in the upcoming week. However, of course, that's just my own opinion only. You can check out KCS by the way, lowest trading fees futures trading platform. Link is down below. You'll absolutely love them.

[00:04:31]Um, I really like them as well. Low fees, zero withdrawals, and it's just an absolute beauty of a an exchange you can use. But, in general, guys, try not to think irrationally about this particular event and this pump that is happening right here because it might not have any substance or real meaning behind it.

[00:04:48]Unless we see Luna Classic actually picking up on their X platform and any real clear signs of the project being revived, which I highly doubt it will be in any kind of way, you know, it's still very strange. It's still very strange. I wouldn't get your hopes up really, but you know, let's see what might happen in the future.

[00:05:06]Anyways, guys, please like, subscribe, comment, join the Discord channel, which is linked down below. We are one of the biggest and [music] fastest growing communities at the moment, and I'll see you very soon.