Ljenc price could overlock 300% as a combustion rate, but there is a catch

Classic Terra Luna Classic collapsed to key support level, with a daily chart that sends mixed signals as the combustion rate.

Terra Luna Classic (Beast) The price is traded from $ 0.0070 on Thursday, several points below the crucial support level to $ 0.000054. The data show that Classic Token Token Terra Luna Classic continues to grow, reducing circulating offers.

In the last seven days, the Network burned 382.4 million tokens, bringing overall burns from the beginning to over 403 billion. It now has about 6.49 trillion tokens in circulation.

The number of burnt tokens will increase this week because the binants will be performed a monthly burn. Binance, the largest stock exchange cryptocurrenci, was one of the best supporters of Classic Terra Luna Classic. He burned Over 70.8 billion Tokens and trend continues.

Binance is also one of Tier-1’s upper exchanges, which still list the token and supported its multiple upgrades. It is this week, the Stock Exchange supported less improvement by suspending deposits and withdrawal during the process.

One cryptocurrency user noted that binance among the tops Terra Luna Classic Holders, yet the company did not sell tokens this week. Instead, that threw Etherum and SolanaSign that still has faith in the network.

Classic Terra Luna is the rest of Terra, one of the biggest collapses in the crypto industry. Terra offered an algorithmic stablecoin, which promised two-digit returns before crashing, deleting billions of dollars worth.

Luca Price Analysis: Sending mixed signals

The weekly chart shows that Classic Clasic Clasic Terra Luna is in a strong trend in the last few years. She fell on a crucial level of support at 0.000054 USD, which failed to break in June 2022, September 2023. July 2024. And again this month.

On the positive side, this could signal the creation of halls of foursch, a popular bikarske sample. This bottom suggests that short sellers are hesitant that the trade is not calming below this level.

However, there is also the possibility that the Classic Classic price of Terra Luna formed a descending triangle, a bearing form of continuing.

The fall below support to 0.000055 USD would confirm the downward triangle and indicate further. In contrast, the interruption above downward trendline can signal further, potentially pressing the price to high 202472792, its highest level in December 2023. years, an increase of about 300% from the current level.