Technical analysis by DEXWireNews about Symbol LUNC: Buy recommendation (12/5/2025)

Terra Classic ( LUNC ) today a notable 65% albeit market sentiment was essentially bearish. the memecoin spike in early Friday morning placing the asset in an overbought region implying the possibility of a drawback. The asset is set to spike 150% today should it break the ceiling of the falling wedge formed on the chart. In another news, Terraform Labs secures $1.3B settlement court approval. Settlement impacts Terra Classic, LUNA, and USTC. The $1.3 billion settlement by Terraform Labs is notable as it reflects significant regulatory and market shifts. It affects key crypto assets like Terra Classic and LUNA, while outlining a structured path for creditor reimbursements. The Terraform Labs settlement finalized marks a pivotal moment in the crypto regulatory landscape. Courts approved the $1.3B figure for distribution. Overseen by the U.S. Bankruptcy Court, the settlement's impact resonates across the crypto sector. What Is Terra Classic ( LUNC )? Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements Terra Classic Price Data The Terra Classic price today is $0.000047 USD with a 24-hour trading volume of $150,349,720 USD. Terra Classic is up 65.62% in the last 24 hours. The current CoinMarketCap ranking is #146, with a market cap of $256,910,315 USD. It has a circulating supply of 5,486,583,841,259 LUNC coins and the max.