The TerraClassic price experienced insane volatility this month and underwent a wild rally, marking the monthly highs at around $0.00032. The token recorded a steep jump of nearly 60% after the crypto-giant Binance announced the implementation of a burn mechanism on the trading fees. While the rounds of the founder, Do-Kwon, remained absconding as more than 125 nations after he made a huge noise.
However, the LUNC price being largely unaffected by these factors led to a minor bull run and currently resides above the crucial support at $0.00025. While the asset is displaying enormous strength, the expectation of a bullish close also hovers within the crypto space. Therefore, the price is further expected to break out of the consolidation and range high to mark a bullish close for Q3 2022.
The LUNC price before the dramatic spike was closer to testing the last point of defence and eventually adding up to a zero in its value. However, Binance came up as a blessing in disguise that uplifted the price and compelled the asset to head towards the upper targets.
Presently, the LUNC price appears to be due for another major breakout as the price reaches the apex of the consolidation. With a breakout, the price may rise beyond $0.00004 after testing and clearing the crucial resistance between $0.000033 and $0.000035. This move may be fast approaching as something big is about to occur on the LUNC platform soon.
One of the well-known crypto and NFT promoters, Hailey LUNC, believes a big announcement is fast approaching. In recent times, many exchanges are moving ahead to implement LUNC burn, while one of the popular exchanges, Coinbase, is yet to list the token. Therefore, if the promoter hints at a major announcement, it would be interesting to see if it involves a Coinbase listing or not.