LUNC hits 13-month high after 923M token burn, eyes $0.0001 resistance ahead of May 6 upgrade vote.

Terra Classic's LUNC token surged to a 13-month high of $0.00009724 following a major burn of 923 million tokens on May 1, boosting its market cap above $530 million and marking a 284% gain over six months. The price now approaches a critical resistance at $0.0001, which has held for four years; failure to break this could trigger a 40-50% correction. Analysts highlight that while token burns have driven recent gains, sustained growth depends on network utility and adoption. A network upgrade vote on May 6 is expected to influence LUNC's next price direction, with technical targets at $0.00018 and $0.00024 if resistance is cleared.