The price of Lunc rises where the Terra Classic is approaching 403B

The Terra Luna Classic price increased for five consecutive days and through an important resistance level because the network is approaching a decisive teacher 403 billion.

Terra Luna Classic (LuncThe distinctive symbol increased to an increase of $ 0.00007610 on February 11, an increase of 56 % of its lowest level this year.

Lunc’s recent recovery is in line with most Altcoins, which recovered after the bottom last Monday.

One of the potential stimuli in Terra Classic Price is the continuous procedure in the network. Lunc Metrology data He explains that more than 628 million LUNC icons have been burned in the past seven days.

These burning burns raised from the beginning to 402.78 billion, which means that the number will cross the level of 402 billion later this month. 67.86 billion LUNC symbols were burned on the series, while 334.92 billion Burn wallets were donated, most of which are by Terraform Labs.

Binance has grown to become the largest LUNC stove, burning more than 70.8 billion icons. Other upper burials are the DFLUNC and Lunaturestoken protocol, which burned 4.52 billion and 1.97 billion icons, respectively.

Token Burns helps create value for the encrypted currency by reducing the number of metal currencies circulating. The LUNC community hopes that the burning and wonderful momentum will eventually help the TerraclassicusD (USTCThe debt crisis and helped it restore its connection.

The USTC code increased by more than 21 % on Tuesday, as it moved to $ 0.01597, which means that it needs to rise by more than 6100 % to restore PEG one dollar.

Lunc price analysis

The Daily Chart reveals that the price of the distinctive code has reached $ 0.004690 last week, as the hammer candle was formed. The hammer has a long tail and a small body, and it is often a very bullish style.

The price of Lunc has exceeded the upper side of the falling spoiler style. A wedge has two falling and close -up directions, and often leads to a strong recovery. He also jumped over the main resistance point at $ 0.00007140, which is the slightest swing since September 5.

Therefore, the distinctive symbol is likely to continue as the bulls target the main resistance point at $ 0.0001025, which is 38.2 % Fibonacci’s re -imitation level, about 40 % higher than the current level. The low support at $ 0.00005525 will nullify the bullish supply.