The LUNC price is undergoing a U-shape recovery ever since it was rebranded from just Terra. After an extended consolidation for nearly 3-months, the price rose high as the platform released a network upgrade. The new upgrade, LUNC V22 includes a staking feature that will now enable the investors to stake LUNC immediately.
According to some reports, nearly 70% of the community voted in favor of the upgrade, which has been proved as a major catalyst for today’s rally.
As previously reported by Coinpedia, the LUNC price was due for a major breakout after a brief consolidation between $0.000239 & $0.000218. The asset broke above the bullish flag and formed and reached the immediate target close to $0.000300. Currently, the price faced a rejection just below $0.0003 but hilding the lower support at $0.00025 firm.
In the coming times, the Terra Classic (LUNC) price is expected to hover within the parallel channel and finally break above the newly formed bullish flag to reach $0.00035 in the first fortnight of September 2022.