Terra Classic Coin (LUNC), which was rebranded from LUNA after the network collapse in May 2022, gained 7.13% on May 16 and now ranks #89 by market cap at $452.35 million. The LUNC price is currently trading at $0.00008166, consolidating after a sharp rise in early May that peaked near $0.00012.
The token is now moving back toward the 14-day SMA, and a key level will decide if this is just a pause or the start of a bigger reversal.
Terra Classic Coin Eyes $0.00018 If Key Support Holds
Since hitting an all-time low of $0.000004408 in December 2025, the Terra Classic price has bounced back by 1,752%. The breakout in May pushed the price out of the $0.00004 to $0.00005 range on strong trading volume. Now, LUNC is sitting on the 14-day SMA at about $0.000081, with recent trading between $0.00007459 and $0.00008184.
The 10-day SMA at $0.00008898 and the 20-day SMA at $0.00008615 both signal a sell, as LUNC is trading below both and facing short-term pressure. On the other hand, the 200-day SMA at $0.00004394 points to a longer-term uptrend. The Ichimoku Base Line is neutral at $0.00008257, with the price sitting at the bottom of the cloud, so there is no clear bullish or bearish signal right now.
Analyst Javon Marks still sees the breakout as holding, even after the recent pullback. He sets a target of $0.00018 for Terra Classic coin, which would be a 119% gain from the current price, and also mentions a possible move to $0.00024. For LUNC to move higher, it first needs to break through resistance at $0.000105, then $0.00015, which is the next major level above the May high.
However, if LUNC price falls below $0.000073, which is now a key support level, and the rounding bottom pattern fails, the price could drop back toward the $0.00005 area.
Billions of LUNC Tokens Burned Amid v4.0.1 Upgrade
By April 2026, 444 billion LUNC, or 6.4% of the total supply, had been burned through the 1.2% on-chain transaction tax and Binance’s monthly burns. On May 1 alone, 923 million tokens were burned.
Terra Classic now has a circulating supply of 5.53 trillion out of a total of 6.45 trillion. Right now, these burn events can cause short-term price moves, but they won’t change the value of a token with 5.5 trillion units unless the community burns tokens much faster.
The v4.0.1 governance vote ended on May 6, 2026, focusing on fixing chain vulnerabilities and updating the IBC system. Some roadmap items, like reactivating the Market Module and exploring a USTC re-peg, are still in progress. Therefore, the fact that the chain is working and being upgraded supports its long-term value.
That said, whether this support keeps LUNC above $0.000073 will be seen in the next trading session.
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