The post LUNC Recovery Slows as Outflows Pressure Market appeared on BitcoinEthereumNews.com.

LUNC faces a decisive test as price meets the 200 EMA and key Fibonacci levels. Falling open interest highlights weak leverage and fading speculative conviction. Persistent spot outflows signal soft demand and limit confidence in a full rebound. Terra Classic ($LUNC) is trying to stabilize after a prolonged decline that pushed the token toward $0.00002500. Buyers stepped in around this zone and slowed the sell-off. The market now shows early signs of recovery, although confidence remains fragile.  The recent move above the 0.236 Fibonacci level at $0.00003000 offered a short burst of strength. It also encouraged traders to reassess short-term expectations. However, the broader structure still needs confirmation before any sustained reversal. The focus now shifts to whether momentum can build above immediate resistance. Price Tests a Critical Cluster Near the 200 EMA LUNC Price Dynamics (Source: Trading View) Price action on the 4H chart shows $LUNC pressing against the $0.00003350 to $0.00003400 band. This area aligns with the 200 EMA, creating a difficult barrier. Additionally, this region sits near the 0.382 Fibonacci level.  Hence, it remains the first major test for bullish traders. A break above $0.00003400 could open a path toward $0.00003600. That level matches the 0.5 Fibonacci zone.  Moreover, a sustained move above this midpoint often signals stronger trend conviction. A push beyond $0.00003600 may shift the tone toward $0.00004000, where additional supply may appear. Related: Cardano Price Prediction: Buyers Fight to Reverse a Sustained Downtrend Support sits near $0.00003000, which now acts as the first defensive zone. A clean hold above this level helps maintain the developing structure. Moreover, the range between $0.00002830 and $0.00002890 contains short-term EMAs. A move below this range weakens the recovery attempt. Consequently, losing $0.00002500 could end the current rebound. Derivatives Show Weaker Commitment as Open Interest Falls Source: Coinglass Open…

---

Filed under: News - @ December 5, 2025 11:27 am