Terra Luna Classic price has bounced back as demand for the fallen angel continues to rise. The LUNC token rose to $0.0013, the highest level since June 30. That price is about 143% above this year's low. It's also around 99.9% below its all-time hig

Terra Luna Classic price has bounced back as demand for the fallen angel continues to rise. The LUNC token rose to $0.0013, the highest level since June 30. That price is about 143% above this year's low. It's also around 99.9% below its all-time high, according to CoinGecko, giving it a questionable market cap. Why is the LUNC rising? Terra Luna Classic is a fallen angel that fell in May this year. At its peak, the coin was one of the most valuable cryptocurrencies in the world. Its stablecoin, Terra USD, was the third largest in the world after Tether and USD Coin. At the same time, the DeFi ecosystem was the second largest ecosystem after Ethereum. The four-hour chart shows LUNC price turning parabolic, reaching its almost two-month high of $0.000135. As it rises, the coin broke above the key resistance at $0.001150, the August 1 high. The Relative Strength Index (RSI) pulled back slightly and managed to climb above the 25-day and 50-day moving averages. Most importantly, it seems to have established a pattern of break and retest. Therefore, there is a possibility that the LUNC price will continue to rise as the bulls target the next intraday high of $0.00135.