The price of Terra Luna Classic (LUNC) has been rising for five consecutive days and has surpassed an important resistance level as the network approaches a significant milestone of 403 billion tokens burned. The recent recovery in LUNC's price is in line with the performance of other altcoins that rebounded after reaching a low point last week. The ongoing burning action in the network, which has led to over 628 million LUNC tokens being burned in the last seven days, is seen as a potential catalyst for the price increase. Binance is currently the largest burner of LUNC tokens, having burned over 70.8 billion tokens. The LUNC community hopes that the burning and staking momentum will help address the TerraClassicUSD (USTC) debt crisis and assist in regaining its peg. The LUNC token price has crossed the upper side of a falling wedge pattern and has surpassed a key resistance point. It is expected to continue rising with a target of the next resistance point at $0.0001025, although a drop below the support level at $0.00005525 would invalidate the bullish view.



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