Terra Luna Classic (LUNC) Price Soared 30%: Why a Reversal May Follow

Terra Luna Classic (LUNC) recently saw a sharp three-day rally, increasing nearly 30% at its peak. However, the surge appears to be driven by speculative trading volume and may struggle to maintain momentum. The token's correlation with Bitcoin has decoupled, but this decoupling is common among altcoins and doesn't necessarily indicate lasting structural change. Technical indicators, such as the Chaikin Money Flow, show a divergence, suggesting weak buying pressure despite the price increase. Furthermore, negative funding rates indicate traders are positioned for a price decline. The price faces resistance at $0.00004203 and could fall to $0.00003459 if selling pressure resumes, potentially invalidating any bullish recovery narrative.

(Source：BeInCrypto)