LUNC Price Analysis After Do Kwon's Hearing: Can Its Price Action Survive?

The Terra Luna Classic (LUNC) community remains on edge after recent developments surrounding Do Kwon’s legal proceedings. While the broader market focuses on regulatory fallout, LUNC’s price action is facing its own battle for survival.

Despite recent volatility, LUNC is still managing to hold critical support levels — but for how long?

Read More: How to Buy Luna Classic (LUNC)

Key Takeaways

• LUNC is trading around $0.00006222, up 2.8% over the past 24 hours.
  
   
• The circulating supply remains high, limiting upside momentum.
  
   
• Market sentiment around LUNC remains fragile following updates from Do Kwon’s legal hearing.

Current Price and Market Overview

As of today, LUNC is priced at $0.00006222, within a 24-hour range of $0.00006149 to $0.00006402.

The project holds a market cap of $338 million, with a 24-hour trading volume of about $9.1 million.

LUNC’s fully diluted valuation (FDV) sits at approximately $404 million, reflecting the impact of its massive supply of over 5.4 trillion tokens in circulation.

How Do Kwon’s Hearing Affects LUNC Sentiment

Although Terra Luna Classic operates independently from the relaunched Terra 2.0 chain, Do Kwon’s ongoing legal troubles cast a shadow over the original ecosystem.

Market participants often perceive legal headlines involving former Terra leadership as a potential risk factor, keeping volatility high for LUNC.

So far, however, there hasn’t been a direct technical impact — LUNC’s price movements have been relatively stable compared to previous crisis periods.

Technical Outlook for LUNC

Short-term trends:

• LUNC is trying to defend key support around $0.000060.
  
   
• A clean break below this level could open a move toward $0.000055 or lower.
  
   
• Resistance is seen around $0.000065; a close above could trigger a push toward $0.000070.

Volume trend:

• 24-hour volume remains moderate, suggesting that there is no panic selling at the moment.
  
   
• However, volume spikes on negative news could accelerate downside moves quickly.

Read More: Luna Classic(LUNC) Price Today

Can LUNC Price Action Survive?

LUNC’s survival hinges on a few factors:

• Community support: Ongoing burns, staking, and project governance continue to be important in maintaining engagement.
  
   
• External sentiment: Broader crypto market conditions and public reaction to legal news surrounding Terra's founders will influence investor behavior.
  
   
• Supply pressure: With such a large circulating supply, price gains are harder to sustain without consistent buy pressure.
  
   

For now, as long as LUNC holds above the $0.000060 area, it can avoid deeper corrections. But any sharp negative headlines or loss of technical support could quickly shift momentum against it.

Frequently Asked Questions (FAQs)

Is LUNC still connected to Do Kwon?

While LUNC is the legacy chain of the original Terra, it operates with independent community governance today. However, Do Kwon’s legal issues can still indirectly impact market sentiment.

What is the biggest threat to LUNC’s price?

Large token supply, combined with negative external news or weak trading volume, poses a risk to maintaining current price levels.

Can LUNC recover long-term?

Recovery would depend on successful community initiatives, supply reduction through burns, and broader crypto market strength.