The price of Terra Luna Classic (LUNC) has been under pressure recently, dropping to its lowest point since December 2021. However, there are positive factors that may support a recovery in LUNC's price. Ongoing token burns have reduced the circulating supply of LUNC, potentially increasing the value of the remaining tokens. Additionally, investors have increased their staked tokens, which reduces selling pressure. While LUNC has experienced a retreat amid weakness in the broader crypto market, it has formed a cup and handle pattern, indicating a potential bullish continuation. If the price holds above the key support level, a rebound could see LUNC reach targets including the double-top level, the upper side of the cup, and last December's high. This would represent a significant jump from the current price.



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