Terra Classic (LUNC) had a tough week, dropping nearly 16.95% to $0.00003791. The bearish run pushed its market cap down to $208.15 million, reflecting weak investor sentiment despite a 35.26% rise in 24-hour trading volume to $15.52 million. This mix of declining price and increasing volume points to intensified short-term selling activity.

LUNC opened the week around $0.00004579 but couldn’t sustain upward momentum. Continuous selling drove the token below $0.000038, a level that now acts as short-term support. The week’s range fluctuated between $0.00003783 (low) and $0.00004107 (high), showing how bears dominated most trading sessions.

Source: CoinMarketCap

Despite the losses, the volume-to-market-cap ratio of 7.44% signals that traders remain active, though mainly on the selling side. If the $0.000037 zone breaks further, LUNC risks retesting lower support levels around $0.000036.

Long-Term Context: From $119 to Fractions of a Cent

LUNC’s current price stands in stark contrast to its all-time high of $119.18 in April 2022. Since the Terra ecosystem collapse, the coin has lost almost 100% of its peak value. However, it’s still well above its all-time low of $0.00001675 set in May 2022, up over 126% from that point. This shows that while volatility remains high, a resilient trading base continues to support the asset.

Related article: Terra Classic Rebounds Strongly, Eyeing $0.000045 Resistance

Terra Classic maintains a circulating supply of 5.48 trillion LUNC and a total supply of 6.48 trillion. With such massive token circulation, price recovery depends heavily on sustained burns, ecosystem development, and broader market sentiment. The community’s push to reduce supply and improve staking rewards has yet to meaningfully affect price performance. For now, traders appear cautious amid persistent downward pressure.

Can LUNC Stabilize?

LUNC’s 7-day decline shows that bears still control short-term momentum. However, rising trading volume could signal accumulation if support holds above $0.000037. Investors will be watching closely for a rebound toward $0.000041 as a signal of renewed buying strength. Until then, Terra Classic remains in a fragile zone where sentiment can shift quickly.

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