Terra Classic (LUNC) saw a 4.26% jump in the last 24 hours, reaching $0.00005537. Despite this short-term rise, the broader trend remains bearish. Trading volume stands at 31.65 billion LUNC, suggesting renewed interest, but momentum is still weak. The price fluctuated between $0.00005132 and $0.00005537 within the same period.

Long-Term Perspective: All-Time High vs. Current Reality

LUNC’s all-time high of $119.18, recorded on April 5, 2022, feels like a distant memory. At current prices, it has plummeted 100% from that peak. However, it’s still up 228.64% from its all-time low of $0.00001675, recorded on May 13, 2022. 

24-hour price chart. Source: CoinMarketCap

This highlights both its extreme volatility and the possibility of speculative rebounds. LUNC’s daily chart shows a prolonged downtrend since early 2025, with repeated failures to hold gains. 

Related article: Terra Classic (LUNC) Sees Surge in Trading Volume: What’s Next?

A slight increase in volume suggests short-term buying pressure, but the overall sentiment remains bearish. The price has been struggling to break above resistance levels, and without a strong catalyst, further declines remain possible.

Will LUNC Recover or Continue Dropping?

While today’s 4% gain might excite traders, it doesn’t confirm a trend reversal. LUNC would need to break above key resistance levels with higher volume to signal a shift in sentiment. Without strong fundamental developments, this rise could be short-lived.

Related article: Terra Classic (LUNC) Crashes 10% in a Month: Is a Comeback Possible?

LUNC remains a speculative asset, experiencing brief spikes but long-term struggles. The 24-hour rally is encouraging but not enough to indicate a major shift. 

Investors should remain cautious, watching for stronger signs of recovery before expecting a sustained uptrend.