In this Classic (LUNC) price forecast 2024, 2025, 2026-2030, we will analyze the price patterns of LUNC using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency.
Terra Classic (LUNC) Current Market Status
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 sign is a major catastrophic story of the 2022 bear market.
Terra Classic (LUNC) was launched in 2019 by Do Kwon’s Terraform Labs. 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 supported a family of decentralized stablecoins of the Terra ecosystem. Terra ClassicUSD (USTC) is Terra’s algorithmic stablecoin backed by LUNC.
Later, to regain their place in the market, Do Kwon and the Terra team came up with the creation of a new blockchain without the algo-stablecoin and launched the new coin called Terra (LUNA).
Terra Classic 24H Technical
Terra Classic (LUNC) Price Prediction 2024
Terra Classic (LUNC) is 93rd on CoinMarketCap in terms of its market capitalization. The overview of the Terra Classic price forecast for 2024 is explained below with a daily time frame.
In the chart above, Terra Classic (LUNC) has laid out a descending channel, also known as the descending channel. A descending channel is formed by two parallel trend lines. The upper trend line, which joins the highs, and the lower trend line, which joins the lows, run parallel downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of Terra Classic (LUNC) was recorded at $0.00011367. If the pattern trend continues, the price of LUNC may reach the resistance levels of $0.00013179 and $0.00027836. If the trend reverses, the price of LUNC may fall to the $0.00010159 support.
Terra Classic (LUNC) Resistance and Support Levels
The chart below gives the possible resistance and support levels of Terra Classic (LUNC) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of Terra Classic (LUNC) for 2024.
Terra Classic (LUNC) Price Prediction 2024 – 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.
From the readings on the chart above, we can draw the following conclusions about the current Terra Classic (LUNC) market in 2024.
Terra Classic (LUNC) Price Prediction 2024 — ADX, RVI
In the chart below, 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).
From the readings on the chart above, we can draw the following conclusions about the price momentum of Terra Classic (LUNC).
Comparison of LUNC with BTC, ETH
Now let’s compare the price movements of Terra Classic (LUNC) with those of (BTC), and (ETH).
From the above graph, 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 Forecast 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let’s forecast the price of Terra Classic (LUNC) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Closure
If Terra Classic (LUNC) establishes itself as a good investment in 2024, this year will be favorable for the cryptocurrency. Finally, the bullish Terra Classic (LUNC) price forecast for 2024 is $0.00020712. In comparison, the bearish Terra Classic (LUNC) price forecast for 2024 is $0.00005089.
If there is a positive rise in the market momentum and investor sentiment, Terra Classic (LUNC) can reach $0.001. Furthermore, with future upgrades and advancements in the Terra Classic ecosystem, LUNC could surpass its current high (ATH) of $119.18 and mark its new ATH.
This content was originally published by our partners at The News Crypto.
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