Terra Luna Classic (LUNC) has reached a key support level at $0.000054, with the daily chart showing mixed signals. The token burn rate has been increasing, reducing the circulating supply. Binance, one of the top supporters of Terra Luna Classic, will conduct a monthly burn, further increasing the number of tokens burned. Despite being a top holder of Terra Luna Classic, Binance has not sold its tokens and has shown faith in the network by dumping Ethereum and Solana instead. The price of Terra Luna Classic has been in a strong bearish trend but has potentially formed a bullish quadruple bottom pattern. However, there is also a possibility of a descending triangle pattern, indicating further downside. A breakout above the descending trendline could signal further upside potential.



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