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Terra Luna Classic Price Recovers After Disclosure of Exposure to Fallen US Banks

Terra Luna Classic Price Recovers After Disclosure of Exposure to Fallen US Banks


Terra Luna Classic (LUNC) has been in the spotlight recently due to the exposure of fallen US banks, Silicon Valley Bank (SVB) and Signature Bank New York. This event caused a massive price spiral for LUNC, but the token managed to recover with the support at $0.00012 holding strong.

Support at $0.00012 Stops LUNC from Slipping Further:

Despite the messy events surrounding SVB and Signature Bank New York, support at $0.00012 stood its ground and prevented LUNC from slipping further. Experts had predicted that if the token slipped beneath the broken support at $0.00014, it may sweep through the liquidity at the $0.00012 price level.

This was also confirmed by Sydney TheCMO.eth, A renowned crypto influencer on twitter,


A Sharp Recovery for LUNC:

Following the massive price spiral over the weekend, a sharp and immediate recovery was anticipated from the $0.00012 support area. As predicted, LUNC aggressively sprung upward on Monday and is now trading at $0.0001336 at the time of writing.

Analysis of LUNC’s Recovery:

The recovery of LUNC’s price can be attributed to the strong support at $0.00012 and the market’s bullish sentiment towards cryptocurrencies. Despite the exposure to fallen US banks, investors still have faith in LUNC and believe in its potential for growth.


Terra Luna Classic has managed to recover from the recent event of exposure to fallen US banks, thanks to the strong support at $0.00012 and the overall bullish sentiment in the cryptocurrency market. Despite the volatility and unpredictability of the market, LUNC continues to show promise for growth and potential profits for investors.

Noah Ellis is a talented author and cryptocurrency analyst who specializes in covering the latest developments in the crypto world. As a regular contributor to, he provides in-depth news coverage and analysis of the rapidly evolving crypto landscape. Noah's expertise in blockchain technology and his ability to identify emerging trends and market shifts make him an invaluable resource for readers seeking to stay ahead of the curve. His reporting on the latest crypto news and events is widely respected in the industry and has helped many investors make informed decisions about their digital assets. Noah is also a sought-after speaker at crypto conferences and events, where he shares his insights and perspectives on the future of digital currencies.