Terra Luna Classic price has bounced back slightly after crashing to a key support level this month. After hitting the key support at $0.00005650 on March 11, the token has risen to $0.000065 as the burn rate has remained high. So, is it safe to buy the LUNC price dip?

Terra Luna Classic token burns have risen

One potential catalyst for the LUNC price is that the LUNC token burn has continued to grow this month. 

Data shows that over 175 million LUNC tokens have been incinerated in the last seven days. These burns have brought the cumulative LUNC burns to over 406 billion tokens since 2022. They have reduced the number of coins in circulation to about 6.49 trillion.

A token burn is an essential metric in the crypto industry because it helps to promote deflation. It is the opposite of a token unlock, a situation where a crypto project emits new tokens, diluting existing holders.

Terra Classic has been burning its tokens since its inception in May 2022. Most of these burns came from Terraform Labs, which was forced to burn billions of coins as part of its bankruptcy process.

Other burns have come from individuals and organizations that believe in Terra’s mission. The most notable of these is Binance, which has burned over 70 billion LUNC tokens in the past few years. 

Terra Luna Classic tokens are also burned from the network fees. However, these fees are negligible for now and don’t contribute much.

Read more: LUNC price crash: why Terra Luna Classic is sending mixed signals

Key ecosystem challenges

One reason why the LUNC price has crashed is that the Terra Luna Classic’s ecosystem growth has been limited. Data shows that, while there are tens of dApps in its network, the total value locked (TVL) has dropped to $801,000. This is a tiny amount considering that the DeFi industry has almost $100 billion in assets. 

The biggest dApps in the Terra Classic ecosystem are Terraswap, Loop Finance, Eris Protocol, and Edge Protocol.

More data shows that the network has just $524,000 in stablecoins, a tiny amount since there are over $238 billion in stablecoins in circulation. Tether, USD Coin, and USDS control the industry with billions of assets.

Further, there are signs that the number of core developers on Terra Classic has deteriorated over the years. It had 60 core developers at its peak, a figure that has moved down to 9. As a result, the number of commits has continued moving downwards. 

Read more: Terra Luna Classic proposal seeks developer compensation for key ecosystem work

LUNC price technical analysis

The weekly chart shows that the Terra Luna Classic price has been in a strong downtrend in the past few years. It has dropped to a low of $0.000054, a key price where it failed to move below since 2023. 

This price is also the lower side of the descending triangle pattern, a popular bearish continuation sign. It has remained below the 50-week moving average, a sign that bears are in control.

LUNC price has two possible scenarios. First, the descending triangle can work out well, leading to more downside, potentially to the support at $0.000050. 

Second, on the other hand, the ongoing consolidation could be part of the accumulation phase. If this is the case, it means that the LUNC price will ultimately surge as it enters the markup phase of the Wyckoff Theory. 

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The Binance Coin price has held steady in the past few weeks as demand for the coin continue rising. The BNB coin has risen for three consecutive weeks, moving from a low of $507 on March 10 to the current $630. So, what’s next for the Binance Coin in the coming months?

BSC aims to be the best alternative to Solana and Ethereum

The BNB token has risen in the past few weeks as the Binance Chain seeks to become the most viable alternative to Solana and Ethereum. 

Solana’s reputation has worsened in the past few weeks because of its meme coin ecosystem. Its meme coin market cap has plunged from over $30 billion in January to about $8 billion today.

Ethereum, on the other hand, is known for its slow speeds and high fees. While the transaction costs differ over time, data shows that Ethereum is one of the most expensive chains in the industry.

BSC Chain is working to be the best of these chains. Just last week, the network launched the Pascal upgrade that introduced enhanced Ethereum compatibility, making it one of the earliest chains to adopt the Ethereum Virtual Machine (EVM) environment. As such, dApps developed on BSC are now interoperable with Ethereum. 

The upgrade also introduced the native smart contract wallets, which enable gasless transactions, batch approvals and transactions, and multi-signature support. 

The Pascal upgrade is one of the few updates scheduled to happen in the coming months. Lorentz will happen in April and reduce the average block reward time to 1.5 seconds, while the Maxwell update will happen in June and reduce these block times to 0.75 seconds. 

These upgrades mean that developers will have a choice for building on a layer-1 network that has low fees, fast transaction speeds, and compatibility with Ethereum. Analysts believe that this is a better model than using a layer-2 network like Base and Arbitrum. 

BSC ecosystem is growing

Third-party data shows that the BSC ecosystem is growing. According to DeFi Llama, the network has over 863 DeFi applications that have a total value locked (TVL) of over $5.37 billion. The bridged TVL stands at $12.85 billion, while the stablecoin market cap has jumped to over $7 billion.

The biggest players in the BSC ecosystem are Venus, PancakeSwap, Kernel, Lista DAO, and Avalon Labs. 

Venus is a lending platform with over $1.73 billion in assets, while PancakeSwap is one of the biggest DEX networks in crypto. 

As shown below, the number of BSC transactions has risen. It has constantly handled over 7.36 million transactions a day, making it one of the most popular chains in the crypto industry. 

These transactions are coming from different areas. For example, data shows that the BSC Chain’s DEX volume has risen by over 20% in the last seven days to over $13.2 billion, bringing the 30-day figure to $50.2 billion. 

BNB price analysis

BNB price chart | Source: TradingView

The weekly chart above shows that the BNB price has formed two notable bullish patterns that point to more gains ahead. It is now in the process of forming an ascending triangle pattern, which is made up of a horizontal line and an ascending trendline. 

BNB price has also formed a cup and handle pattern whose upper side is at $665. A C&H pattern is one of the most bullish patterns in the market. BNB remains above the 50-week and 25-week moving averages.

Therefore, the BNB price will likely have a strong bullish breakout in the coming months. This breakout may take it to the key resistance at $1,000. However, the forecast may take time because it is based on the weekly chart, whose signals take a long period to happen.

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The FTSE 100 index has remained in a consolidation phase in the past few weeks as investors focus on the Bank of England (BoE) actions and the upcoming tariffs by the Donald Trump administration. The index was trading at £8,665 on Wednesday, a few points below its all-time high of £8,910.

Bank of England actions

The FTSE 100 index has remained in a tight range as investors focused on the actions of the Bank of England. The BoE has become one of the most conservative central banks in the industry. 

It has delivered just three interest rate cuts in this cycle, bringing the headline rate to 4.50%. Officials have hinted that they will maintain their conservative leaning in the coming meetings even as the economy weakened.

The most recent economic data showed that the UK economy contracted slightly in January, a trend that may continue this year. 

A key concern is that Donald Trump may decide to increase tariffs on imported goods from the UK next week. On the positive side, the US and the UK have a fairly balanced trade relationship, meaning that it may be excluded from tariffs by the US. 

Therefore, some analysts believe that the BoE should embrace a more dovish tone since interest rates remain high, hurting growth. This explains why UK bond yields have continued rising, with the 10-year bunds yielding 4.75%, and the closely-watched 5-year yielding 4.40%.

The rising bond yields partially explain why the FTSE 100 index has remained under pressure since investors are receiving a higher return by just investing in the bond market. 

Economists expect that UK inflation will remain elevated for a while. Data released on Wednesday will show that the headline CPI remained at 3.0%, while the core CPI softened from 3.7% to 3.6%. These numbers are substantially higher than the BoE target of 2.0%.

Top FTSE 100 shares in 2025

Most companies in the FTSE 100 index have risen this year. Fresnillo, a Mexican company that mines silver, is the best-performing company in the Footsie as it jumped by 50% this year. This surge happened as investors predicted more revenue and profits because of higher silver prices. 

Airtel Africa share price has jumped by 43% this year, becoming one of the best telecom companies globally. The stock jumped after the company’s revenue growth accelerated. Its customer count jumped by 7.9% to 163.1 million, while the revenue in the last quarter jumped by 20% to $3.6 billion. 

Rolls-Royce share price has soared as investors cheered its strong results that showed that it reached its mid-year target two years ahead of schedule. 

Other top-performing companies in the FTSE 100 index this year are names like BAE Systems, Lloyds Banking Group, Prudential, Coca-Cola, Standard Chartered, Aviva, and Antofagasta. 

On the other hand, the top laggards in the index are companies like WPP, JD Sports, Diageo, Intercontinental Hotels, Sainsbury, and Glencore. All these companies have crashed by over 10% this year. 

FTSE 100 index technical analysis

FTSE 100 index chart | Source: TradingView

The daily chart shows that the FTSE 100 index has been in an uptrend in the past few months. It soared to a record high of £8,908, and then dropped. This decline was important as the stock retested the important support level at £8,473, the highest swing on May 15. This retreat was part of a break-and-retest chart pattern, a popular continuation sign.

The index has remained above the 50-day and 100-day Exponential Moving Averages (EMA), a sign that bulls are in control. Therefore, a combination of these moving averages and the break-and-retest points to further gains, potentially to the all-time high of £8,908. A break above that level will point to more gains, potentially to £9,000.

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Lloyds share price has done well in the past few months and is now hovering near its highest point in years. This rally has coincided with the ongoing surge of other UK banks. 

LLOY has jumped by about 50% in the last 12 months. It has continued to underperform other companies like NatWest, HSBC, Standard Chartered, and Barclays. NatWest has soared by over 90%, while Standard Chartered is up by 77%. This article conducts a technical analysis and explains whether the Lloyds share price has more room to grow.

Lloyds share price technical analysis

The weekly chart shows that the LLOY stock price has been in a strong uptrend, as we predicted. It jumped above the key resistance level at 61.42p, its highest point on December 9, 2019, and October last year. That was a big move that signaled that bulls had prevailed. 

The LLOY share price has remained above all moving averages, a sign that the momentum is continuing. In trend-following analysis, this performance is a sign that bulls are in control for now. 

The Relative Strength Index (RSI) has continued rising, and recently moved above the overbought level. Similarly, the Percentage Price Oscillator (PPO) has remained above the zero line since February. The Awesome Oscillator has turned green. 

Therefore, there is a likelihood that the stock will continue its uptrend in the near term as bulls target the next key resistance level at 80p. More Lloyds stock gains will become invalid if the stock plunges below the support at 61.42p.

Lloyds Bank’s business is doing well

The Lloyds share price has surged this year because of the ongoing surge of European bank stocks this year. The Nasdaq Europe Bank Index, which tracks the biggest banks in the region, has soared to a record high. It has jumped by over 44% in the last 12 months.

These stocks have done well because of higher interest rates that helped to boost their earnings per share (EPS). Most of them have used the higher interest income to boost their dividends and share repurchases.

The most recent results showed that Lloyds Bank’s had a statutory profit after tax of about £4.5 billion, down from £5.5 billion a year earlier. The net income dropped by about 5% during the year. 

The decline, which the market received well, was because of higher impairment costs due to the motor insurance crisis. 

At the same time, Lloyds Bank’s net interest income dropped by 7% to £12.8 billion, while its other underlying income was £5.6 billion. 

Lloyds share price also jumped because of its strong FY’25 guidance. The company hopes that its net interest income will be about £13.5 billion, while the return on tangible equity will be 13.5%.

Lloyds Bank has also boosted its dividends and share buybacks. It paid an ordinary dividend of 3.17p a share last year, a 15% increase from a year earlier. It is also reducing its outstanding share count by boosting share buyback by up to £1.7 billion.

One way the company is doing this is by reducing its CET-1 ratio to 13% from 17.2% in 2021. It reduces the ratio by slashing the amount of money in its balance sheet. Even so, its ratio will be higher than other banks like Bank of America and Wells Fargo.

Read more: Analysts are bullish on Lloyds share price: should you?

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Tesco share price has suffered a harsh reversal this month, erasing all the gains made earlier this year. After peaking at near 400p in February, the stock tumbled to a low of 320p, the lowest level since August 7 last year. This article explains why the TSCO stock has plunged and whether it is safe to buy the dip.

UK retail price war may hit Tesco margins and growth

The main reason why Tesco share price has crashed is that the market is bracing for price wars in the UK. These concerns jumped last week after Asda, the biggest retailer in the country announced huge price cuts. 

The company will cut prices by an average of 22% on over 1,500 products. This is a continuation of price cuts that started in January, which imply that it has slashed prices on almost 10,000 products. 

These price cuts are meant to boost its market share in the UK, which has slipped in the past few years. As such, odds are that other retailers like Tesco will also slash prices to match what Asda is offering.

Lower prices are good for shoppers, who will likely keep buying more. However, they will affect the retailers’ margins over time unless they use their scale to squeeze the suppliers. 

Analysts caution that Tesco will be one of the most affected by the price wars, which may push it to issue a more cautious guidance in its next results. Most importantly, there are concerns on whether the company will continue growing its market share. 

Tesco share price has also dropped after the company agreed to a 5.3% wage increase that will cost it over £180 million a year. 

Read more: Tesco share price is beating Walmart, Kroger, and Target

TSCO business is doing well

The most recent half-year results showd that the company’s business is booming. Its total revenue rose to £31.46 billion from £30.4 billion a year earlier. 

This growth was accompanied by high profits as the management took measures to slash its costs.  The company’s adjusted operating profit rose by 15.6% to £1.64 billion.

Tesco has also continued to grow its market share in the country. The market share figure rose by 62 basis points as Asda woes continued at the time. 

The management expects that its full-year operating profit will be about £2.9 billion, while the free cash flow will be between £1.4 billion and £1.8 billion. 

What next for the Tesco share price

The stock market is often driven by fear and greed, and in Tesco’s case, a sense of fear has prevailed. In most cases, the fear-driven sell-off is usually short-lived as the market tends to adjust to the new normal. 

Tesco has some positives that may propel its stock higher over time. It trades at a forward P/E ratio of 11.2,  making it a bargain for a market leader in its business. It is growing its margins, and most importantly, it has a dividend yield of about 4.5%, higher than the average yield of the FTSE 100 index.

Tesco share price analysis

TSCO chart by TradingView

The daily chart shows that the TSCO share price peaked at near 400p this year and then plunged after the Asda price cuts. It has now slipped below the crucial support level at 337p, its lowest level on November 12.

Tesco stock price has crashed below the 200-day and 50-day moving averages, a sign that bears are in control. The Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the oversold level.

Therefore, the stock will likely bounce back in the coming months. If this happens, the next point to watch will be at 350p.

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