Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Terra Classic Price Forecast: LUNC recovers on the New Year amid steady burn rate

Source Fxstreet

Terra Classic holds above $0.00004000 on the New Year, following a 12% rise on Wednesday.
Over 124 million LUNC tokens were burned on Wednesday, fueling a short-term recovery in Terra Classic.
The technical outlook remains bearish, as recent LUNC recoveries have been short-lived.

Terra Classic (LUNC) is down 1% at press time on Thursday, taking a breather after Wednesday’s 13% rise. A steady burn of LUNC supply, with over 124 million LUNC tokens wiped out on Wednesday, fueled short-term surges in Terra Classic. However, the technical outlook anticipates the continuation of the prevailing downtrend, given previous short-lived recoveries.

Daily burns pump LUNC prices

LUNCmetrics data shows a sudden increase in the daily burn rate of LUNC tokens, fueling the Terra Classic price surge. Over 124 million LUNC were wiped out on Wednesday, marking the largest daily burn since December 17 and boosting the total to over 430 billion burned tokens. A reduction in supply often leads to a price surge; however, LUNC suffers from a severe oversupply of 6.47 trillion tokens, exerting persistent supply pressure.

Total LUNA Classic burned. Source: LUNCmetrics

The recovery suggests that Do Kwon’s final hearing on a 15-year prison sentence has been priced in alongside the $4 billion lawsuit against Jump Trading for illegally profiting from the $40 billion crash of Terra Labs.

Technical outlook: Could LUNC sustain the recovery?

Terra Classic’s 13% surge on Wednesday marked an end to a three-day decline and crossed above the 50-day Exponential Moving Average (EMA) $0.00004055. At the time of writing, LUNC drops by 1% on Thursday, struggling to surpass the 100-day EMA at $0.00004309.

If LUNC exceeds this moving average, it could reach the 200-day EMA at $0.004963 near the R1 Pivot Point at $0.00004945.

The technical indicators on the daily chart remain neutral, with a potential bullish shift incoming. The Relative Strength Index (RSI) at 51 hovers near the midline, flashing a neutral stance.

At the same time, the Moving Average Convergence Divergence (MACD) approaches the signal line as bearish momentum wanes. A potential crossover could trigger a buy signal and renewed bullish momentum.

If LUNC drops below $0.00004055, it could threaten the December 19 low at $0.00003610.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

US Dollar's Decline Predicted in 2026: Morgan Stanley's Outlook on Currency Volatility Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.

Author Mitrade

Nov 25, 2025

Morgan Stanley forecasts a 5% drop in the dollar by mid-2026, attributed to continued Fed rate cuts. A recovery may follow as growth improves and funding currency dynamics shift favorably toward the euro and Swiss franc.

Gold's Historic 2025 Rally: Can the Momentum Last Through 2026?Following a historic surge in 2025 that saw prices climb over 60% and break records more than 50 times, gold investors are now looking ahead to assess whether the precious metal can sustain its momentum into 2026. Despite outperforming most major asset classes and heading for its best annual performance since 1979, analysts are divided on the outlook—with some seeing further room for gains and others cautioning that risks are rising.

Author Mitrade

Dec 09, 2025

Following a historic surge in 2025 that saw prices climb over 60% and break records more than 50 times, gold investors are now looking ahead to assess whether the precious metal can sustain its momentum into 2026. Despite outperforming most major asset classes and heading for its best annual performance since 1979, analysts are divided on the outlook—with some seeing further room for gains and others cautioning that risks are rising.

BOJ Set to Hike Rates Amid Inflation Pressures and Yen Weakness The Bank of Japan is expected to raise its benchmark interest rate to 0.75% on December 19, marking its first increase since early 2025, amidst ongoing inflation and a weakening yen. Analysts predict additional hikes in 2026 as the central bank navigates renewed monetary policy normalization under Governor Kazuo Ueda.

Author Mitrade

Dec 18, 2025

The Bank of Japan is expected to raise its benchmark interest rate to 0.75% on December 19, marking its first increase since early 2025, amidst ongoing inflation and a weakening yen. Analysts predict additional hikes in 2026 as the central bank navigates renewed monetary policy normalization under Governor Kazuo Ueda.

Gold Prices Hit Record High Amid U.S.-Venezuela Tensions and Rising Geopolitical Risks Gold surged to an all-time high as safe-haven demand increased due to escalating tensions between the U.S. and Venezuela, with significant gains seen in other precious metals like silver and platinum.

Author Mitrade

Dec 23, 2025

Gold surged to an all-time high as safe-haven demand increased due to escalating tensions between the U.S. and Venezuela, with significant gains seen in other precious metals like silver and platinum.

Bitcoin Dips Below $88K Amid Low Trading Volumes and Waning Institutional Demand Bitcoin fell to $87,458, down 2.5% as it struggled to maintain momentum above $90,000. Diminished institutional demand and holiday-thinned trading conditions have led to increased caution among investors ahead of key Federal Reserve meeting minutes.

Author Mitrade

Dec 30, 2025

Bitcoin fell to $87,458, down 2.5% as it struggled to maintain momentum above $90,000. Diminished institutional demand and holiday-thinned trading conditions have led to increased caution among investors ahead of key Federal Reserve meeting minutes.

Popular Symbols