Traders are questioning whether the recent ruling against Terraform Labs and Do Kwon in the SEC case will impact the potential rally of Terra Luna Classic (LUNC) price to $0.00058. Despite the disappointment of Terraform and executives with the verdict, analysts believe there is still room for the price to rise.

Analyst Javon Marks predicts a target price of $0.00058 for LUNC as it forms a bullish pattern, indicating a potential 270% gain during the bull market. The next bullish breakout is expected in mid-April, coinciding with the Bitcoin halving, giving LUNC price the opportunity to reach the $0.0005 level.

With a major resistance at the $0.0002 psychological level, LUNC price is currently trading at $0.000132, showing signs of support. The community anticipates a retest of the high of $0.000255 reached in early March, with $0.000125 remaining a crucial support level.

Furthermore, the rising open interests in LUNC and 1000LUNC futures suggest a potential recovery in price. Futures OI has increased by 2% in the last 4 hours, indicating support for further upside momentum in the broader crypto market recovery.