Terra Classic Price Prediction July 2026: Is LUNC’s Descending Wedge About To Break?
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In crypto markets Binance burned over 600 million LUNC on July 1, bringing cumulative burns to 87.37 billion while 5.52 trillion LUNC remain in circulation, so the burn-to-supply ratio is still marginal. Terra Classic trades at $0.0000599 on July 2 (down 0.52%) and is compressing inside a descending wedge since May's $0.000120 spike with a bullish RSI divergence forming, but EMAs above price and the large circulating supply suggest limited near-term upside for the token.
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- Binance burned over 600 million LUNC on July 1, pushing its cumulative total to 87.37 billion
- 5.52 trillion LUNC remains in circulation, keeping the burn-to-supply ratio marginal
- A bullish RSI divergence is forming on the daily chart as price compresses inside a descending wedge
Terra Classic trades at $0.0000599 on July 2, down 0.52% as a descending wedge on the daily chart tightens toward a resolution. The burn narrative keeps grinding forward, but the supply math continues to work against a price-driven thesis.
Is LUNC’s Descending Wedge Setting Up A Breakout?
The daily chart shows LUNC inside a clean descending wedge since the May spike to $0.000120, with lower highs compressing toward a horizontal support zone between $0.0000550 and $0.0000600. Every EMA sits above price: the 20-day at $0.0000647, the 50-day…
Read The Full Article Terra Classic Price Prediction July 2026: Is LUNC’s Descending Wedge About To Break? On Coin Edition.
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