{"id":28878,"date":"2026-05-04T09:43:39","date_gmt":"2026-05-04T08:43:39","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=28878"},"modified":"2026-05-04T09:43:41","modified_gmt":"2026-05-04T08:43:41","slug":"lunc-tao-price-analysis","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/lunc-tao-price-analysis\/","title":{"rendered":"LUNC and TAO soar: What’s next for these Crypto assets?"},"content":{"rendered":"\n

LUNC surges 35%: Burn or just FOMO?<\/h2>\n\n\n\n

Terra Classic dominated the weekly performances with a +35%<\/strong> rally, breaking through the major resistance at $0.00008<\/strong>, a level that had stopped buyers during the October 2025 crash. This move is part of a series of four consecutive bullish weekly closes, which warrants analysis before jumping to overly bullish conclusions.<\/p>\n\n\n\n

The rally is fueled by an acceleration in the burn mechanism: over 247 million LUNC<\/strong> were destroyed in 24 hours, and the May 2026 Binance burn added further pressure on the available supply. Fundamentally, 444 billion LUNC<\/strong> have been burned since the mechanism launched, representing 6.43%<\/strong> of the total supply, and an additional 932 billion<\/strong> are locked in staking, reducing the available float on the markets.<\/p>\n\n\n\n

The issue remains the technical reading. The 14 day RSI sits at 82.79<\/strong>, signaling an extreme overbought zone, and the open interest on futures has jumped to $37.85 million<\/strong>, a sign of high speculative activity rather than structural accumulation. For crypto trading enthusiasts, this type of setup calls for caution: FOMO driven rallies often reverse just as quickly as they rise. The $0.00008<\/strong> zone, a former resistance, will be the true test in the coming days. A consolidation above this level would confirm the reversal; a rejection would put LUNC back into its long term bearish structure.<\/p>\n\n\n\n

\"LUNC\/USDT<\/figure>\n\n\n\n

TAO consolidates: Decentralized AI seeks its next catalyst<\/h2>\n\n\n\n

Bittensor took the third spot among the weekly top gainers with +13.5%<\/strong>, bringing its two week progression to over +20%<\/strong>. TAO is currently trading around $286<\/strong>, with a daily volume of $250 million<\/strong> and a market cap of $3.11 billion<\/strong>.<\/p>\n\n\n\n

The main recent catalyst is the filing of spot TAO ETF applications by Grayscale and Bitwise<\/strong> on April 28, 2026, which triggered a 50%<\/strong> surge in 24 hour volumes, signaling an influx of institutional capital. This type of pre approval narrative is a powerful driver, but it runs out of steam quickly if the SEC fails to provide a positive signal.<\/p>\n\n\n\n

A direct breakout above $300<\/strong> in a single move seems unlikely in the short term. The $250<\/strong> support has not been seriously tested after three weeks of bearish pressure, meaning the structure still needs to prove its strength before considering a new breakout. For those looking to understand AI related cryptocurrencies, TAO represents a fundamentally solid project with a unique incentivization model for machine learning models, but its price remains highly sensitive to macro narratives.<\/p>\n\n\n\n

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$TAO<\/a> did break upwards and I don't think of selling this one soon at all.

There's a technical breakout taking place, and that has room all the way towards $350.

Given that the markets overall are looking to break upwards, I wouldn't mind if this continues to go upwards after\u2026 pic.twitter.com\/JL9RLlu6wz<\/a><\/p>— Micha\u00ebl van de Poppe (@CryptoMichNL) May 3, 2026<\/a><\/blockquote>