- The Terra Luna Classic (LUNC) declined by 30.8 percent within 24 hours after which it steeply recovered with a high level of volatility and increase in volume.
- It hit the token tested support of $0.00001937 and momentarily hit resistance of $0.00005417 in a 195% intraday reversal.
- Volume of trading increased to 7.96 billion LUNC with many participating and speculative investors in the market in the short run.
The cryptocurrency market saw its all-time high volatility as Terra Luna Classic (LUNC) saw a sharp selloff followed by an equally strong rally. The price trend of the asset in 24 hours revealed abrupt price fluctuations, with investors waiting with bated breath for its next action.
The current price of LUNC is at $0.00003749 and it has decreased by 30.8 percent over the past 24 hours. This fall was accompanied by a sharp increase in volume of trading which indicates high level of market participation in major markets. The sharp price activity is one of the most volatile trading days of LUNC in the recent past.
Intense Selloff Followed by Sharp Intraday Recovery
LUNC’s intraday chart witnessed a steep fall early in the session, where the token touched support at approximately $0.00001937 briefly. Aggressive selling pressure dominated the initial couple of hours as liquidity fell and traders squared off positions. However, as soon as the drop touched its lower range, buying pressure kicked in immediately. Within minutes, the token rebounded, retracing a large part of its losses and touching the $0.00005417 resistance level briefly.
The reversal was a full intraday turn, covering nearly 195% low to high, according to observed trading data. The oscillation attracted large volumes, with total transactions of over 7.96 billion LUNC throughout the bounce phase. The forceful rally reflected the presence of active speculative trading as market participants sought to profit from short-term volatility.
Market Data Shows Expanding Correlation with Major Assets
Against broader crypto benchmarks, LUNC was very volatile against Bitcoin and Ethereum. The current ratio of BTC is 0.093334, a 25.1% change, whereas the ETH comparison shows smaller percentage fluctuations over the same time horizon. Such huge deviations against high-quality assets indicate LUNC’s sensitivity to market-wide changes in liquidity and lesser capacity for taking surprise volume spikes in stride.
The chart pattern also indicates that volatility bands have widened substantially over the past few hours. This expansion suggests traders remain uncertain about near-term direction while continuing to engage in high-frequency trades. Market watchers noted that these conditions can sustain unpredictable movement until trading ranges narrow once more.
Short-Term Focus Remains on Key Price Levels
As trading continues, attention remains on support at $0.00001937 and resistance near $0.00005417, which define LUNC’s short-term boundaries. The asset’s ability to maintain stability within this range will likely determine near-term market behavior. Any breach of either boundary could extend volatility further.
Overall, LUNC’s dramatic price swings highlight heightened market tension. Notably, the heavy transaction volume, compressed time frames, and reactive order books suggest that the market remains in a highly speculative phase. Traders continue to monitor intraday performance as Terra Luna Classic experiences one of its most active sessions this quarter.
