Terra Classic drops 21% as bulls face heavy liquidations and key support breaks

Terra Classic (LUNC) fell over 21% in 24 hours with trading volume down 28%, pushing its market cap near $488 million. The price broke below an ascending channel after rejection at $0.00011534 resistance, signaling weakening buyer control and increased bearish pressure. Long liquidations hit $45.39K, indicating bulls absorbed most losses amid market stress. Although some dip-buying emerged, failure to hold support around $0.00008606–$0.000090 could lead to further decline toward $0.00007000.