- LUNC trades at $0.0000982, down 3.84%, pulling back after tagging $0.000102 with the 20-day EMA at $0.0000682 as the nearest support.
- Binance burned 923M LUNC on May 1, its largest single burn in months, with 630M additional tokens removed in the three days after.
- The v4.0.1 network upgrade vote closes May 6, targeting vulnerability patches and improved IBC cross-chain functionality.
Terra Classic trades at $0.0000982 on May 5, pulling back after tagging $0.000102 yesterday for the first time since mid-2025, as the token enters the top 100 by market cap following a 150% monthly surge built on Binance’s largest burn in months and a network upgrade vote closing today.
LUNC Daily Chart: Parabolic Move With All EMAs Far Below
LUNC ranged between $0.0000380 and $0.0000500 from February through April, building along a rising trendline from the October low. The May move was vertical, price running from $0.0000500 to a high of $0.000102 in under two weeks, leaving all four EMAs far below.
The 20-day EMA at $0.0000682 is the nearest support, with the 50-day at $0.0000542, 100-day at $0.0000477, and 200-day at $0.0000465 stacked below. The MACD has the largest green histogram bars since the December 2025 spike, confirming momentum is still behind the move despite today’s pullback. The prior resistance zone between $0.0000700 and $0.0000750 is now the first meaningful support, sitting well above the EMA cluster.
LUNC Key levels for May 6
- Rising trendline: $0.0000500
- 20-day EMA: $0.0000682
- Prior resistance now support: $0.0000700 to $0.0000750
- Current price: $0.0000982
- Yesterday’s high: $0.000102
- Next psychological target: $0.000150
Three Things Drove The 150% Move
Binance burned 923 million LUNC on May 1, permanently removing the largest single batch in months. Prior monthly burns had come in between 400 million and 500 million, making this one a meaningful step up. Community burns added another 630 million tokens in the three days after, tightening supply at exactly the moment speculative interest was peaking.
The v4.0.1 network upgrade vote running alongside the burn narrative closes May 6. The proposal patches vulnerabilities and improves IBC cross-chain functionality. A successful vote extends the infrastructure story beyond the supply mechanics. Longer-term roadmap items including Market Module 2.0 and USTC re-peg discussions give the community catalysts to hold through any near-term consolidation.
LUNC entering the top 100 by market cap is the third driver. Index inclusions, algorithmic exchange listings, and fresh retail attention all tend to follow top 100 entry within days to weeks.
LUNC Price Prediction: May 6 Outlook
- Upside: LUNC holds the $0.0000700 to $0.0000750 support zone and reclaims $0.000100 on a daily close. The v4.0.1 vote passing today removes a near-term uncertainty. A close above yesterday’s high at $0.000102 opens $0.000150 as the next target.
- Downside: The pullback extends below $0.0000750 and LUNC drops toward the 20-day EMA at $0.0000682. Parabolic moves without consolidation tend to retrace sharply when momentum stalls, and losing the $0.0000750 zone without a quick recovery would accelerate the move toward the EMA cluster.
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