$LUNC Still Grinding in the Ashes – Wedge Setup Brewing? 🔥

Terra Luna Classic ($LUNC) is trading near $0.000059–$0.000062 after years of recovery attempts post-2022 collapse. The token remains deeply depressed but shows signs of compression.
Technical Snapshot:
• Support: $0.000055–$0.000058 (key wedge floor)
• Resistance: $0.000065–$0.000070 (immediate) → $0.000080+ next
• Momentum: Neutral inside a tightening descending wedge on the daily. RSI showing bullish divergence on lower timeframes. Price below most MAs but volume on dips has been drying up — classic setup for a potential breakout.
What’s Happened:
LUNC is the leftover token from the catastrophic 2022 Terra collapse that wiped out ~$60B. The community has since pushed aggressive token burns (hundreds of billions removed) and governance proposals to reduce supply and revive utility. However, adoption remains limited, and the massive post-crash supply continues to weigh on price. Recent price action has been choppy with occasional hype-driven spikes that fade quickly.
The Setup:
LUNC is coiled inside a descending wedge since the May high near $0.00012. The structure is compressing toward the apex, and a decisive break above $0.000070 could trigger a short squeeze toward $0.000080–$0.00010. Conversely, a breakdown below $0.000055 would likely accelerate selling toward the next major demand zone around $0.000045–$0.000050.
Short-term bias is neutral with breakout potential on a clean daily close above $0.000070. Until then, expect range-bound chop with low conviction.
Will LUNC finally break the wedge and start a real recovery, or does it need one more leg lower first? Drop your thoughts below 👇
‍#LUNC #TerraLunaClassic #Crypto