Binance’s consistent support and strategic moves have contributed to the impressive performance of the LUNC token in the cryptocurrency market. The world’s largest crypto exchange has played a crucial role in driving the altcoin’s rally through various announcements and unwavering backing.Despite the collapse of Terra, Binance continued to endorse LUNC by initially pairing it with its native BUSD stablecoin. After discontinuing BUSD, Binance quickly introduced the LUNC/USDT trading pair to facilitate seamless trading for users.Binance recently unveiled a new trading pair, LUNC/TRY, as part of its listing of various altcoin trading pairs. This move, implemented on December 5, generated significant anticipation and led to a substantial surge in the token’s price.In addition to introducing new trading pairs, Binance has consistently conducted scheduled burns of the LUNC token. The most recent burn, conducted on December 1, involved the destruction of 3.9 billion tokens. This burning mechanism, executed in a single transaction, reduces the token supply and boosts investor confidence in the asset.Binance’s support extends beyond LUNC, positively impacting the USTC token within the Terra ecosystem. Both LUNC and USTC perpetual contracts were added to the exchange, resulting in increased trading volume and higher prices for these digital assets.The Terra community has also played a crucial role in the recovery of USTC by passing proposals aimed at restoring its peg to the US dollar. Achieving this objective would bring USTC back into the spotlight, benefiting LUNC as well.Terra Classic has emerged as a standout performer in the cryptocurrency market, experiencing a remarkable surge in price. After starting at $0.0000685 in late November, the coin reached a 13-month peak of $0.00028, marking a growth of 305%. Currently seeking support near the 38.2% Fibonacci Retracement Level, LUNC holders are advised to monitor crucial support levels at $0.000195 and $0.000167.If these support levels are maintained, it could indicate a potential rebound and continuation of the ongoing recovery trend. In the event of a bullish breakout above the $0.00028 resistance, the rally may extend by another 33%, reaching an approximate value of $0.0037 in the coming month.