Terra Classic (LUNC) Price Prediction 2023 – Will LUNC Hit $0.0005 Soon?
- Bullish LUNC price prediction is $0.00017006 to $0.00033795.
- Terra Classic (LUNC) price might also reach $0.0005 soon.
- Bearish LUNC price prediction for 2023 is $0.00008430.
In Terra Classic (LUNC) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about LUNC to analyze the future movement of the cryptocurrency.
Terra Classic (LUNC) Current Market Status
| Current Price | $0.00016188 |
| 24 – hour trading volume | $74,617,571 |
| 24 – hour price change | 5.4% down |
| Circulating supply | 5,914,874,445,105 |
| All – Time High | $119.18 (On April 05, 2022) |
What is Terra Classic (LUNC)?
Terra Classic (LUNC) is one of the cryptocurrencies that can never be forgotten by the crypto community. The wild crash of this token is a major catastrophic story of the 2022 bear market.
Terra Classic (LUNC) was launched by Do Kwon’s Terraform Labs in 2019. The old version of the blockchain, Terra Classic, was launched as a proof-of-stake (PoS) blockchain built on Cosmos SDK and Tendermint. LUNC existed as a collateral token that backed a family of decentralized stablecoins of the Terra ecosystem. Terra ClassicUSD (USTC) is Terra’s algorithmic stablecoin that was backed by LUNC.
Later, in order to regain their spot in the market, Do Kwon and the Terra team came up with the creation of a new blockchain devoid of the algo-stablecoin and launched the new coin called Terra (LUNA).
Terra Classic (LUNC) Price Prediction 2023
Terra Classic (LUNC) holds the 55th position on CoinGecko right now. LUNC price prediction 2022 is explained below with a daily time frame.
The above chart of LUNC laid out the descending channel pattern. Descending Channel also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Terra Classic (LUNC) is in the range of $0.00016653. If the pattern continues, the price of LUNC might reach the resistance levels of $0.00018731 and $0.00020942. If the trend reverses, then the price of LUNC may fall to $0.00015239.
Terra Classic (LUNC) Support and Resistance Levels
The chart below shows the support and resistance levels of Terra Classic (LUNC).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Terra Classic (LUNC).
| Resistance Level 1 | $0.00019767 |
| Resistance Level 2 | $0.00033795 |
| Support Level 1 | $0.00012726 |
| Support Level 2 | $0.00008430 |
The charts show that Terra Classic (LUNC) has performed a bullish trend over the past month. If this trend continues, LUNC might run along with the bulls overtaking its resistance level at $0.00033795.
Accordingly, if the investors turn against crypto, the price of Terra Classic (LUNC) might plummet to almost $0.00008430, a bearish signal.
Terra Classic (LUNC) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Terra Classic (LUNC) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of LUNC lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Terra Classic (LUNC) is shown in the chart above. Notably, Terra Classic (LUNC) price lies on 50 MA (short-term), so it is upward. Currently, LUNC has entered a bullish state. Therefore, there is a possibility of a reversal trend of LUNC at any time.
Meanwhile, the relative strength index (RSI) of the LUNC is 46.90. This means that Terra Classic (LUNC) is nearly in an oversold state. However, this means a major price reversal of LUNC may occur in the upcoming days. So, traders need to trade carefully.
Terra Classic (LUNC) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Terra Classic (LUNC). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Terra Classic (LUNC). Currently, the ADX of LUNC lies in the range of 16.85 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Terra Classic (LUNC). RVI measures the constant deviation of price changes over a period of time. The RVI of LUNC lies above 50, indicating high volatility. In fact, the RSI of Terra Classic (LUNC) is at 46.90 thus confirming a potential sell signal.
Comparison of LUNC with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Terra Classic (LUNC).
From the above chart, we can interpret the price changes of ETH, BTC and LUNC are moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of LUNC also increases or decreases respectively.
Terra Classic (LUNC) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Terra Classic (LUNC) between 2024 and 2030.
Terra Classic (LUNC) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Terra Classic (LUNC) might probably attain $0.0007 by 2024.
Terra Classic (LUNC) Price Prediction 2025
With several upgrades in the network, Terra Classic (LUNC) might enter a bullish trajectory. If the coin grabs the attention of major investors, LUNC might rally to hit $0.0009 by 2025.
Terra Classic (LUNC) Price Prediction 2026
If Terra Classic (LUNC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, LUNC would rally to hit $0.003.
Terra Classic (LUNC) Price Prediction 2027
If Terra Classic (LUNC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, LUNC would rally to hit $0.005.
Terra Classic (LUNC) Price Prediction 2028
If Terra Classic (LUNC) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, LUNC would rally to hit $0.009
Terra Classic (LUNC) Price Prediction 2029
Terra Classic (LUNC) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, LUNC would hit $0.05 in 2029.
Terra Classic (LUNC) Price Prediction 2030
If investors flock in and continue to place their bets on Terra Classic (LUNC), it would witness major spikes. LUNC might hit $0.1 by 2030.
Conclusion
With continuous improvements in the Terra Classic network, we can say that 2023 is a good year for LUNC. For this reason, the bullish price prediction of Terra Classic (LUNC) in 2023 is $0.00033795. On the other hand, the bearish price prediction of Terra Classic (LUNC) price prediction for 2023 is $0.00008430.
Furthermore, with the advancements and upgrades to the Terra Classic ecosystem, the performance of LUNC would help to reach above its current all-time high (ATH) of $119.18 very soon. But, it might also reach $0.0005 if the investors believe that LUNC is a good investment in 2023.
FAQ
1. What is Terra Classic (LUNC)?
Terra Classic (LUNC) is the native crypto coin of the Terra Classic. Terra Classic is a proof-of-stake (PoS) built on Cosmos SDK and Tendermint. Terraform Labs launched the mainnet in 2019. LUNC was Terra’s collateral token for its assembly of stablecoins.
2. Where can you purchase Terra Classic (LUNC)?
Terra Classic (LUNC) has been listed on many crypto exchanges which include Binance, KuCoin, Gate.io, OKX, DigiFinex.
3. Will Terra Classic (LUNC) reach a new ATH soon?
With the ongoing developments and upgrades within the Terra Classic Platform, LUNC has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Terra Classic (LUNC)?
On April 05, 2022 Terra Classic (LUNC) reached its new all-time high (ATH) of $119.18.
5. Is Terra Classic (LUNC) a good investment in 2023?
Terra Classic (LUNC) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Terra Classicin the past few months, LUNC is considered a good investment in 2023.
6. Can Terra Classic (LUNC) reach $0.0005?
Terra Classic (LUNC) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Terra Classic (LUNC) will hit $0.0005 soon.
7. What will be Terra Classic (LUNC) price by 2024?
Terra Classic (LUNC) price is expected to reach $0.0007 by 2024.
8. What will be Terra Classic (LUNC) price by 2025?
Terra Classic (LUNC) price is expected to reach $0.0009 by 2025.
9. What will be Terra Classic (LUNC) price by 2026?
Terra Classic (LUNC) price is expected to reach $0.003. by 2026.
10. What will be Terra Classic (LUNC) price by 2027?
Terra Classic (LUNC) price is expected to reach $0.005 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/terra-luna-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
