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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