Terra Classic ($LUNC) Price Eyeing A 12% Discount, Buy This Dip?

Earlier today, the Terra Classic coin price showcased a 4% jump in response to the recent burn activity from Binance burned around 3 billion Terra Classic (LUNC) tokens. Though the reduction in supply bolstered this price rally, the ongoing sell-off in the crypto evaporated these gains. The altcoin currently trades at $0.000295 with an intraday loss of 3.6%

Key points: 

• A bullish breakout from the $0.00036 resistance will bolster the prevailing recovery 
• The LUNC coin sellers are trying to reclaim the 20-day EMA.
• The intraday trading volume in the LUNC coin is $527.2 Million, indicating a 100% gain.

Source- Tradingview

Following the September 2nd-to-3rd week correction, the Terra Classic coin price plugged into the $0.00018 support. However, the altcoin witnessed a V-shaped recovery during the month’s end and doubled its prices by hitting the $0.00036 resistance.

Furthermore, the Terra Classic coin price has now witnessed a relatively minor correction to check whether the recovery rally is sustainable or not. With today’s burn activity, the