Terra Classic (LUNC) is gaining attention again due to new technical analysis suggesting a possible breakout. A crypto analyst believes LUNC could increase by as much as 555% if a key pattern is confirmed.
Analyst Reveals What Could Trigger a 555% LUNC Breakout
In a recent X post, Crypto analyst Javon Marks highlighted a bullish structure forming on the LUNC price chart. According to Marks, LUNC has recently broken out of a massive consolidation pattern and is now confirming bullish signals across volume trends and price divergences.
He highlighted that this reversal could spark a more than 555% climb to $0.0004295, adding that past setups suggest the move could happen faster than many expect.
Earlier, Marks had forecasted an even steeper potential rise of around 590%, highlighting how the token’s technical setup differs from that of many altcoins currently on the market.
Despite the renewed optimism, not everyone is convinced a breakout is imminent. Another analyst has raised concerns about LUNC’s slow movement compared to other altcoins that have recently increased in value.
However, supporters of Terra Classic are still optimistic. The token gained 10% this week, and its price is about 10% lower than its three-year high. Many people see this price range as a good chance to buy more.
LUNC’s Burn and Stake Trends Shape Sentiment
LUNC remains one of the most deflationary cryptocurrencies in circulation. Weekly token burns have surged past 365 million, lifting the total number of burned tokens above 413 billion. Token burns directly reduce supply, which can help support the price when demand rises.
However, staking metrics tell a more complex story. Recent data indicate that the amount of LUNC staked on the Terra Classic network has decreased below 1 trillion, following the removal of approximately 15 billion tokens from staking in just one week. Observers believe that this sharp drop could be primarily driven by large whale wallets rather than small retail holders.
The total supply of LUNC is estimated at roughly 6.49 trillion, underscoring that even sizable burns and staking changes are measured against an enormous circulating base.
Additionally, the high level of community governance contributes to its bullish fundamentals. A recent sentiment poll regarding a proposal to introduce USTC staking received majority “YES” votes, including support from Vegas Node, the network’s second-largest validator.
Vegas Node clarified that this is an initial signal to measure community interest. If accepted, a detailed technical roadmap will follow. The broader plan aims to make USTC staking the first step toward the token’s long-discussed “repeg,” potentially unlocking new utility and engagement on the chain.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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