<ul> 
 <li>LUNC’s recent surge might be short-lived, with potential volatility ahead due to rising liquidation levels and bearish market signals.</li> 
 <li>The $0.0001 level is critical; LUNC could face a reversal if Bitcoin trends negatively, despite short-term bullish indicators.</li> 
</ul> 
On August 10th, Terra Luna Classic (LUNC) prices surged by 23.3% from the day’s open to close, accompanied by a notable <a href="https://www.crypto-news-flash.com/terra-classic-lunc-achieves-remarkable-staking-milestone-in-anticipation-of-massive-burns/">increase</a> in trading volume. This rally aligns with CNF’s <a href="https://www.crypto-news-flash.com/terra-classic-lunc-price-forecast-analyst-projects-405-growth-with-target-of-0-00042986/">previous</a> forecasted Terra Classic (LUNC) Price Prediction: Analyst Projects 405% Growth with a Target of $0.00042986. 
Additionally, this surge brought LUNC closer to testing range highs, although short-term Bitcoin (BTC) trends and rising long liquidation levels suggest that LUNC might face potential losses and volatility soon. 
According to LUNC’s 1-day chart, the cryptocurrency is showing a bullish trend after exceeding $0.000087, with the RSI above 50. Despite this, OBV remains flat, and the DMI indicates a range-bound market. Open Interest has increased to $21.1 million, though negative funding rates hint at bearish sentiment. 
<h2 id="is-the-rally-signaling-volatility-and-0-0001-risk">Is the Rally Signaling Volatility and $0.0001 Risk?</h2> 
LUNC could reach $0.0001 before experiencing a reversal. Although sentiment is currently positive, the cryptocurrency faces potential limitations due to low social volume and high liquidation levels, which may restrict further gains. Achieving the $0.0008 target will largely hinge on Bitcoin staying above $60k. 
According to recent Coinalyze data, the open interest for 1000LUNC stands at $15.2 million, with a 23.94% decrease over the past 24 hours. This total includes both perpetual and futures contracts. Notably, Binance <a href="https://www.crypto-news-flash.com/binance-executes-terra-classic-lunc-token-burn-community-burn-surpasses-72-billion-tokens-is-it-time-to-buy-lunc/">holds</a> $12.9 million of this open interest, Bybit $2.3 million, and WOO X $10.6k. 
At the time of writing, CoinMarketCap data shows that LUNC is trading at $0.00007923 with a decrease of 6.28% in the past day and 33.54% in the past week, as shown in the LUNC price chart below. 

<div class="cryptoboxes" id="mcw-431029" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="terra-luna" data-symbol="LUNC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Terra Classic (LUNC) Up 23%: Is the Recent Rally a Sign of More Volatility with $0.0001 Liquidity at Risk?

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