- Bullish LUNC price prediction for 2023 is $0.00007802 to $0.00012843
- Terra Classic (LUNC) price might reach $0.001 soon.
- Bearish LUNC price prediction for 2023 is $0.00003637.
In this Terra Classic (LUNC) price prediction 2023, 2024, 2025-2030, we will analyze the price patterns of LUNC by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency.
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TABLE OF CONTENTS |
|
INTRODUCTION |
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TERRA CLASSIC (LUNC) PRICE PREDICTION 2023 |
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| TERRA CLASSIC (LUNC) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Terra Classic (LUNC) Current Market Status
| Current Price | $0.00006062 | 24 – Hour Price Change | 0.39% Up |
| 24 – Hour Trading Volume | $41,796,361 |
| Market Cap | $351,662,152 |
| Circulating Supply | 5,802,469,558,967 LUNC | All – Time High | $119.18 (On Apr 05, 2022) |
| All – Time Low | $0.0001675 (On May 13, 2022) |
What is Terra Classic (LUNC)
| TICKER | LUNC |
| BLOCKCHAIN | Terra Classic |
| CATEGORY | Web3 |
| LAUNCHED ON | May 2022 |
| UTILITIES | Governance, security, gas fees & rewards |
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 24H Technicals
(Source: TradingView)
Terra Classic (LUNC) Price Prediction 2023
Terra Classic (LUNC) ranks 87th on CoinMarketCap in terms of its market capitalization. The overview of the Terra Classic price prediction for 2023 is explained below with a daily time frame.
LUNC/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Terra Classic (LUNC) laid out a Descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Terra Classic (LUNC) was recorded at $0.00006062. If the pattern trend continues, then the price of LUNC might reach the resistance levels of $0.00008138, $0.00011247, and $0.00018537. If the trend reverses, then the price of LUNC may fall to the support of $0.00005435.
Terra Classic (LUNC) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Terra Classic (LUNC) in 2023.
LUNC/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Terra Classic (LUNC) for 2023.
| Resistance Level 1 | $0.00007802 |
| Resistance Level 2 | $0.00012843 |
| Support Level 1 | $0.00005103 |
| Support Level 2 | $0.00003637 |
LUNC Resistance & Support Levels
Terra Classic (LUNC) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Terra Classic (LUNC) are shown in the chart below.
LUNC/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Terra Classic (LUNC) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.00007375Price = $0.00006143 (50MA > Price) |
Bearish (Downtrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 35 <30 = Oversold 50-70 = Neutral>70 = Overbought |
Nearly Oversold |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Terra Classic (LUNC) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Terra Classic (LUNC) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
LUNC/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Terra Classic (LUNC).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 55.38392620 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 45.34
<50 = Low |
Low Volatility |
Comparison of LUNC with BTC, ETH
Let us now compare the price movements of Terra Classic (LUNC) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs LUNC Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of LUNC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LUNC also increases or decreases respectively.
Terra Classic (LUNC) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Terra Classic (LUNC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Terra Classic (LUNC) Price Prediction 2024 | $0.003 | $0.000055 |
| Terra Classic (LUNC) Price Prediction 2025 | $0.004 | $0.00006 |
| Terra Classic (LUNC) Price Prediction 2026 | $0.006 | $0.000064 |
| Terra Classic (LUNC) Price Prediction 2027 | $0.008 | $0.000071 |
| Terra Classic (LUNC) Price Prediction 2028 | $0.01 | $0.000079 |
| Terra Classic (LUNC) Price Prediction 2029 | $0.05 | $0.000086 |
| Terra Classic (LUNC) Price Prediction 2030 | $0.08 | $0.00009 |
Conclusion
If Terra Classic (LUNC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Terra Classic (LUNC) price prediction for 2023 is $0.00012843. Comparatively, the bearish Terra Classic (LUNC) price prediction for 2023 is $0.00003637.
If there is a positive elevation in the market momentum and investors’ sentiment, then Terra Classic (LUNC) might hit $0.001. Furthermore, with future upgrades and advancements in the Terra Classic ecosystem, LUNC might surpass its current all-time high (ATH) of $119.18 and mark its new ATH.
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 buy Terra Classic (LUNC)?
Traders can trade Terra Classic (LUNC) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bitrue, and Bybit.
3. Will Terra Classic (LUNC) record a new ATH soon?
With the ongoing developments and upgrades within the Terra Classic platform, Terra Classic (LUNC) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Terra Classic (LUNC)?
Terra Classic (LUNC) hit its current all-time high (ATH) of $119.18 (On April 05, 2022).
5. What is the lowest price of Terra Classic (LUNC)?
According to CoinMarketCap, LUNC hit its all-time low (ATL) of $0.00001675 on May 13, 2022.
6. Will Terra Classic (LUNC) hit $0.001?
If Terra Classic (LUNC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.001 soon.
7. What will be the Terra Classic (LUNC) price by 2024?
Terra Classic (LUNC) price might reach $0.003 by 2024.
8. What will be the Terra Classic (LUNC) price by 2025?
Terra Classic (LUNC) price might reach $0.004 by 2025.
9. What will be the Terra Classic (LUNC) price by 2026?
Terra Classic (LUNC) price might reach $0.006 by 2026.
10. What will be the Terra Classic (LUNC) price by 2027?
Terra Classic (LUNC) price might reach $0.008 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.
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- Source: https://thenewscrypto.com/terra-luna-price-prediction
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