IS LUNC DEAD OR ABOUT TO EXPLODE? THE VOLUME SAYS EVERYTHING

Added: 2026-05-19

[00:00:01]All right, guys. Let's get into it. The current price action of Terra Luna Classic we're hovering around the 4 zeros eight level right now. We recently had a nice pop in the price where we got rid of a zero. We've got um roughly about 70 to 90 million dollars in 24-hour trading volume uh depending on which exchange feed you go and look at. But all in all, it looks pretty solid. Uh I did want to kind of highlight a few important things happening right now with Luna Classic and uh kind of what we're looking at from a price standpoint in this video. So, go ahead and hit the like button, guys. Subscribe down below if you have not already.

[00:00:48]Uh but before we take a look at the charts, you know, Luna Classic has seen a major speculative rebound recently. I actually, you know, really the last couple months or so rallying hard uh over the past months after very long consolidation period. Some exchanges showed the token up roughly about 70% over the last 30 days before some recent pullbacks. Uh the biggest drivers renewed retail speculation. That's a big one. Uh high trading volume has created some perps interest. You've got community governance activity. You got the token burn campaigns that are still ongoing.

[00:01:25]Um and you definitely had a short squeeze with some momentum during some of these rallies. One major issue is still this massive circulating supply.

[00:01:35]We said the same things back in the day about Shib and Terra Luna Classic. Over 5.5 trillion LUNC or lunk remains in circulation. We've got to knock that down. Uh that supply is why moves to 0.001 uh would already require a massive market cap expansion.

[00:01:55]And you're going to aggressive long-term burns.

[00:01:59]Plus you know, we need to get back into a risk-on environment. You know, can community burns and speculation create another meme-style recovery cycle? I think that's what the market narrative around LUNC right now is, you know? Uh that's kind of what we're looking in and watching to see.

[00:02:17]Bullish traders and bullish people on LUNC say, "Hey, you know what? We've got the Binance burn support. We've got persistent community activity. We've got people actually building on chain. Um we've got retail nostalgia.

[00:02:31]And there's definitely some viral momentum here as well.

[00:02:35]Um however on the other side, people are pointing to that massive token supply. And we got to do something about that. But let's go ahead and take a look at the chart action here a little bit. And you can see here, this is on the weekly. We had three really positive weeks in a row, just massive returns. This was back in December of 2025.

[00:03:03]And this was very short-lived.

[00:03:06]This was like a spike up cuz I think this was I think this is when Do Kwon was maybe going, you know, to prison, I think. And you know, basically just gave it all right back. Um we had the big wick up, did about a 4x, and then right back down. This momentum that we saw that we saw over the last, you know, 3 weeks, upwards to a month, this has been much more sustainable. Now, obviously we got the pullback after we got up into the 12s. We're on that pullback right now. We're trying to find our new ground. And if you go into the daily, you can start to see kind of where we're at right now on the daily timeframe.

[00:03:47]I'd like to kind of get back into, you know, that three zeros one range and just kind of trade sideways for a little while. We're basically neutral on the technical.

[00:03:57]It's a sell signal on some of the smaller time frames, but still a buy signal when you zoom out to like the 200-day and 100-day moving averages.

[00:04:04]We're still well above those just given the surge that we had and still year-to-date here in 2026, Terra Luna Classic is up 91%. You're going to be hard-pressed to find another asset the top 100 year-to-date up 91%. So, it is up slightly here in the green. You can see hyper liquid and Venice also.

[00:04:24]These have been really good leaders as well in this market. Humanity as well. Humanity has been another good play. Zcash as well has some renewed interest and momentum. And near protocol very quietly doing its thing as well over the last month up only 8%, but you can see it's starting to slowly but surely looks like it's like bottoming out there a little bit on the near chart. And I really like this one longer term here, especially once we get back into a better market environment for risk-on assets. But all in all guys, what we're seeing out of Terra Luna Classic is certainly a little bit of a pullback after a massive rally.

[00:05:05]And I'm very, very curious to see where we can kind of gain some footing here.

[00:05:11]Take a look at the monthly chart there.

[00:05:13]Hopefully, you know, we can kind of keep this current support line that we have and kind of slowly, steadily, you know, build this back up and break that zero again before the next bullish momentum and before the next big rally. So, we'll be all over it for you guys.

[00:05:32]That's kind of our quick update on price action. Again, you know, doesn't look great on the short time frames. Still looks really solid on the longer time frames.

[00:05:41]And a lot of it's going to be, you know, hinging on Bitcoin price action once we get back into a new week starting tomorrow. Of course, low volume during the weekends in crypto is something we've grown accustomed to. No difference here, you know, we did go ahead and put in a short on two bit.

[00:06:02]If you look here, we've got a short in on Bitcoin. We're up about 97% on that trade. You can see right here we put a 50x short in at 79,600.

[00:06:16]We're trading at 78k flat. I really like this as a potential longer term short to leave open right now. I do think the downside risk that we go ahead and maybe retest 75k at first. I think that's very likely. And that's kind of what we did here opening up this trade. If you guys do want to come over and trade with us over at two bit, you can trade lunk as well. You can trade all your favorite assets.

[00:06:44]Through perps. Love to have you come on over and join us over at two bit.

[00:06:49]There's a link down below guys. And we'll see how high we can go on this trade right here. Just use referral code Zach Humphrey's here on two bit. And you'll find that link down below.

[00:06:59]Appreciate you guys for watching. See you on the next one.