LUNC one of Thursday's surprise gainers, as U.S. inflation drops below expectations.
Terra classic has been one of Thursday’s biggest gainers, as crypto markets found light in the form of the latest U.S. inflation report, which came in at 7.7%. The token was up by nearly 14% in today’s session, as founder Do Kwon ironically gave his best wishes to FTX chief Sam Bankman-Fried. Polygon was another big mover, also rising by as much as 14%.Terra classic was one of today’s notable gainers, as the token rose by as much as 14% on Thursday.
The move came as prices snapped a four-day losing streak, rebounding from a key support point in the process.Looking at the chart, the support of $0.0001610 also birthed a similar rebound on September 1, sending prices to a high of $0.0002900 at that time. Should this momentum continue, we will likely see LUNC bulls attempt to break out of a ceiling at $0.0002150.Polygon also surged on Thursday, following the release of the latest consumer price index in the United States.
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