$LUNC has pumped for two weeks
LUNC is running on the same themes that have driven it all month.
The Binance burn mechanism.
The supply reduction narrative.
The community push.
The scheduled burn on May 1 has passed.
The market is now pricing the next one.
The front-running continues. now
at 0.00008375, up 11.68 percent on the day.
The moving averages tell the story of where we are in the cycle.
The 7-day MA sits at 0.00004813. The 25-day MA is at 0.00004112.
The 99-day MA is at 0.00006654.
Price has just reclaimed this long-term average.
A sustained hold above the 99-day MA would be the first structural sign of a macro trend change.
Volume is staggering. 622 billion LUNC traded in 24 hours, worth 52.79 million USDT.
The 5-day volume average is 840 billion. The market is active.
The MACD is still negative at negative 0.00001588, but the histogram is contracting.
The signal line is curling upward. A bullish MACD crossover on the daily would confirm the trend shift.
Resistance sits at 0.00009472 and the psychological 0.00010 level.
A break above 0.00010 opens 0.00012 and potentially 0.00015.
Support is 0.00007443, the 24-hour low, and 0.00006654, the 99-day MA.
The risk is the same as every parabolic move in a meme-adjacent token. The pump is fast. The dump can be faster. The 99-day MA at 0.000066 is the level that must hold on any retrace. Lose that and the trend shift thesis weakens.
For traders. Long entries at 0.000083 are chasing a 12 percent daily candle.
Better to wait for a dip to the 99-day MA near 0.000066.
Stops below 0.000062. Target 0.00010 and 0.00012.
The volume supports continuation.
The moving averages support a trend change.
The discipline is in the entry timing.
#LUNC #TerraClassic