$LUNC is trading around ~$0.000030 (very low price level with high volatility).
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📈 Recent Market Moves
Bullish Momentum
LUNC surged as much as 130–135% in short-term rallies, boosted by high trading volume and renewed community interest.
Token burns continue to reduce supply — hundreds of millions of LUNC removed recently, supporting scarcity.
Bearish Risks
Following the sentencing of Do Kwon, price dropped sharply (~45% decline), erasing much of the recent gains.
Technical indicators show weak support and potential continued volatility.
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📉 Technical & Sentiment Indicators
Neutral to Mixed Signals
RSI and major moving averages hover around neutral/weak zones, suggesting no clear strong trend.
Market swing based on sentiment (social interest, burn news) rather than fundamentals.
Key Levels Traders Watch
Support: ~$0.000033
Resistance: ~$0.000048 → higher at ~$0.00008 if momentum returns.
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📌 Summary — What’s Going On?
Bullish Drivers ✔ Rally spikes from social hype and trading volume
✔ Ongoing burns reducing supply
✔ Network upgrades backed by major exchanges
Bearish / Risk Factors ✖ Heavy volatility and sharp retracements
✖ Legal news impact (Do Kwon sentencing)
✖ Low liquidity relative to supply
👉 Short-term traders may find volatility opportunities. Long-term recovery isn’t confirmed and remains speculative — LUNC still trades far below past highs and its fundamental use case is limited. Always DYOR before investing.
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