Terra Classic price is building momentum to correct a 3% dip recorded in 24 hours. Before the pullback to 0.0001720, LUNC traded new 2023 highs of $0.0001936. With support at $0.0001720 staying intact, Terra Classic price might push for the resumption of the uptrend during the American session.

Investors may consider buying Terra Classic, especially now that it has dipped slightly to collect fresh liquidity. On-chain data from Santiment reveals that investor interest is still high despite LUNC’s 24-hour transaction volume dropping to 130.18 million from 409 million tokens on January 14.

From the chart, it is deduced that price is sensitive to volume. Therefore, as the daily transaction volume increases, so would Terra Classic price.