Terra Classic (LUNC) Price Prediction 2022 — Will LUNC Hit $0.001 Soon?

• Bullish LUNC price prediction is $0.00033832 to $0.00060126.
• Terra Classic (LUNC) price might also reach $0.001 soon.
• Bearish LUNC price prediction for 2022 is $0.00004075.

In Terra Classic (LUNC) price prediction 2022, 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

According to CoinGecko, the price of Terra Classic (LUNC) is $0.00027381 with a 24-hour trading volume of $373,784,723 at the time of writing. However, LUNC has decreased by nearly 1.7% in the last 24 hours. 

Moreover, Terra Classic (LUNC) has a circulating supply of 6,902,726,832,413 LUNC. Currently, Terra Classic (LUNC) trades in cryptocurrency exchanges such as Binance, KuCoin, Gate.io, OKX, Huobi Global.

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 f 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 2022

Terra Classic (LUNC) holds the 33rd position on CoinGecko right now. LUNC price prediction 2022 is explained below with a weekly time frame.

The above chart of Terra Classic (LUNC) laid out the Symmetric Triangle Pattern. Symmetric Triangle pattern is formed by two converging trendlines. In this pattern the upper trendline connects the highs. Lower trendline of the triangle connects the lows.

Currently, Terra Classic (LUNC) is in the range of $0.00028043. If the pattern continues, the price of LUNC  might reach the resistance levels of  $0.00033178 and $0.00038035. If the trend reverses, then the price of LUNC may fall to $0.00026440 and $0.00023731.

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 of Terra Classic (LUNC).

Resistance Level 1	$0.00033832
Resistance Level 2	$0.00060126
Support Level 1	$0.00016920
Support Level 2	$0.00008422
Support Level 3	$0.00004075

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 $0.00060126.

Accordingly, if the investors turn against crypto, the price of Terra Classic (LUNC) might plummet to almost $0.00004075 , a bearish signal.

Terra Classic (LUNC) Price Prediction 2022 — 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 above 50 MA (short-term), so it is in a downtrend. 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 50.43. This means that Terra Classic (LUNC) is in an overbought 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 2022 — 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 46.08761807 and thus, it indicates a very strong 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 50.43 thus confirming a potential sell signal.

Comparison of LUNC with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Terra Classic (LUNC).

From the above chart, we can interpret that the price actions of ETH and LUNC are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of LUNC also increases or decreases respectively.

Terra Classic (LUNC) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Terra Classic (LUNC) might probably attain $0.003by 2023.

Terra Classic (LUNC) Price Prediction 2024

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 $0.005 by 2024. 

Terra Classic (LUNC) Price Prediction 2025

If Terra Classic (LUNC) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, LUNC would rally to hit$0.007.  

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 investors for the next 4 years, LUNC would rally to hit $0.009.

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 investors for the next 5 years, LUNC would rally to hit$0.01.

Terra Classic (LUNC) Price Prediction 2028

If Terra Classic (LUNC) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, LUNC would hit $0.03.

Terra Classic (LUNC) Price Prediction 2029

If investors flock in and continue to place their bets on Terra Classic (LUNC), it would witness major spikes. LUNC might hit  $0.05 by 2029.

Terra Classic (LUNC) Price Prediction 2030

With greater advancements in the Terra Classic ecosystem, the crypto community might continue to invest in Terra Classic (LUNC) for the next 8 years and drive significant price rallies for the token. Hence, Terra Classic (LUNC) might hit $0.07 by 2030.

Conclusion

With continuous improvements in the Terra Classic network, we can say that 2022 is a good year for LUNC. For this reason, the bullish price prediction of Terra Classic (LUNC) in 2022 is $0.00060126. On the other hand, the bearish price prediction of Terra Classic (LUNC) price prediction for 2022 is $0.00004074.

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 $0.001 if the investors believe that LUNC is a good investment in 2022.

FAQ

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.

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