According to reports from AMBCrypto, Terra Classic [LUNC] surged 22.83% in 24 hours as trading volume jumped over 180%, pushing market cap to $297.66 million and signaling aggressive market participation. The price rebounded from the $0.00004000 demand zone and pushed directly into the $0.00005333 resistance level, reclaiming a critical mid-range structure. This move followed a series of higher lows, indicating that buyers had gradually absorbed selling pressure during consolidation periods.
As reported by AMBCrypto, the MACD indicator showed a bullish crossover as the signal line moved above the baseline, confirming that buying pressure had increased. The histogram bars expanded into positive territory, reinforcing the shift in directional bias. However, the $0.00005333 level previously acted as a rejection zone, making it a decisive barrier for continuation. A clean hold above this level would likely open the path toward $0.00006000, where prior liquidity existed, while failure to sustain above resistance could trigger another rotation within the established range.
According to AMBCrypto, Open Interest rose by 49.43% to $12.85 million, reflecting a sharp increase in leveraged participation during the rally. This rise indicated that traders actively entered positions rather than simply closing previous ones, adding fuel to the move. Elevated Open Interest often strengthens price trends when aligned with direction, as it signals confidence among participants, though it also introduces risk since crowded positioning can lead to sudden liquidations if price reverses.
As reported by AMBCrypto, netflow data showed a positive inflow of $164.39K, indicating that more tokens moved into exchanges than out. This shift introduced potential sell-side pressure, as exchange deposits often precede distribution activity. Although the inflow size remained relatively small compared to historical spikes, it still contrasted with accumulation-driven rallies, creating a mixed signal where price strength faced underlying distribution risk. If inflows expanded further, they could limit upside progression and trigger short-term resistance reactions.
