Terra Classic (LUNC) witnessed a mild 1.33% decline in the past 24 hours, slipping to $0.00004556. Despite the red numbers, the token’s trading activity remains lively, reflecting continued community engagement and investor speculation.

Interestingly, LUNC’s 24-hour trading volume jumped 14.3% to $11.6 million, signalling renewed market participation. This increase in trading activity comes as short-term traders react to intraday volatility, while long-term holders watch closely for a potential reversal. LUNC currently holds a market capitalization of $250.83 million, ranking it #169 on CoinMarketCap. Its fully diluted valuation (FDV) sits at $296.09 million, suggesting modest upside potential if market sentiment improves.

Related article: Terra Classic (LUNC) Plunges 30%: Is the Community Losing Faith Again?

LUNC Trades Sideways Amid Low Volatility

Over the last 24 hours, LUNC traded within a tight range of $0.00004495 to $0.00004649, reflecting lower volatility than in previous sessions. The chart shows multiple minor rebounds, but selling pressure remained dominant overall, preventing a sustained move above $0.000046.

_{24-hour price chart Source: CoinMarketCap}

LUNC’s journey remains one of the most dramatic in crypto history. After its all-time high of $119.18 on April 5, 2022, the token’s value has dropped nearly 100% following Terra’s ecosystem collapse. Since hitting its all-time low of $0.00001675 in May 2022, however, LUNC has recovered, climbing over 172% from those depths.

LUNC Holds Firm as Community Burns

While today’s decline might unsettle short-term traders, the increase in trading volume suggests LUNC still attracts market attention. Its vast circulating supply of 5.49 trillion tokens and ongoing community-led burn initiatives remain key drivers of future price movement.

Related article: Price Analysis: LUNC Targets $0.000057 After October Starts on a Bullish Note

If LUNC maintains its current activity levels, traders could soon see another attempt to retest the $0.000047 resistance. However, sustained momentum will depend on broader crypto market trends and investor sentiment toward the Terra ecosystem’s revival efforts.

Terra Classic (LUNC) faces mild downward pressure but remains resilient amid active trading. While the token remains far from its former highs, rising engagement and consistent community activity suggest it isn’t out of the race yet.

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