Terra Classic and Terra Luna Prices Surge Amid SEC Battle

Terra Labs' ongoing legal battle with the U.S. SEC has brought renewed attention to Terra Classic (LUNC) and Terra (LUNA), with increased trading activity and price momentum.

Investors are closely tracking key support and resistance levels to gauge potential moves.

LUNC’s price recently rose 2% to $0.00009417, accompanied by a trading volume spike of around 170%, signaling heightened interest.

Key support levels lie at $0.000094 and $0.000092, while resistance at $0.000098 and the psychological mark of $0.00010 could shape future price movement if volume remains high.

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LUNA saw a 1.78% price increase to around $0.3454, with trading volume up by 140%. Support sits at $0.3532 and $0.345, while resistance at $0.360, if breached, could lead to $0.365.

Volume trends will likely dictate whether prices advance or retreat to support levels.

High volume-to-market cap ratios for both LUNC and LUNA suggest strong market engagement, with future price action hinging on continued trading interest.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.