Can LUNC Price Reclaim its Lost Levels Beyond $0.1?

Can LUNC Price Reclaim its Lost Levels Beyond $0.1?

Key Takeaways: 

  • The Terra Classic price closed the previous day’s trade at $0.00016 with a market capitalization of $940.98 million and a circulating supply of 5,986.98 billion LUNC
  • The LUNC price is gradually approaching the levels it traded before the start of the massive bull run, with highs exceeding $0.0006. 

Terra Classic (LUNC) PRICE & Technical ANALYSIS 

Current Price $0.000165
LUNC Price Prediction for Today $0.000161
Volatility  15.63%
50-Day SMA $0.000232
14 Day RSI 26.08
Sentiment Bearish
Fear and Greed Index 22 (Extreme Fear)
Green Days 12/30 (40%)
200-Day SMA $0.923

Terra Classic Technical Analysis for the Month

Despite significant volatility, the LUNC price has remained largely bearish since the rebranding from Terra to TerraClassic. However, after a few attempts, the price increased by more than 550%. Meanwhile, bearish sentiments spread, causing the price to drop by half. The price is currently attempting to recover by igniting a minor rebound, but it appears to be another lower high.

The RSI, which has hit rock bottom, has been attempting to recover over the last few However, the new attempt may gain some traction with the LUNC price, which may lift the price slightly, while the bearish clouds may remain. As MACD continues to remain bearish, no possibility of a bullish reversal is likely in the near future.

Terra Classic Technical Analysis at a Glance

The Terra Classic price has been under pressure since its inception, with only a few minor bounces. After the remarkable upswing, the bulls were quickly exhausted, and as a result, the bears slashed prices to new monthly lows. Meanwhile, the downward trend is expected to continue for some time, after which a healthy upswing may begin. 

Short-Term(4hr) The price has marked a decent bounce from the lower support and may continue to rise high in the coming hour
Mid-Term(1D) After being extremely bearish for a couple of months, the LUNC price is attempting very hard to ignite a rebound
Long-Term(1W) The long-term forecast remains bearish as the price is plummeting to reach the lower support at the earliest

Will LUNC Price Reach $0.00017 Today?

For the past few days, the LUNC price has been declining and has reached a low of around $0.000147. A notable buying pressure has been accumulated due to which the token could remain incremental. In the meantime, it is anticipated that the bears will reclaim control and trap the bulls at about $0.00018. 

The RSI and MACD are both extremely bullish right now. As a result, the possibility of a bearish divergence exists. If market sentiments remain positive, the LUNC price could rise to $0.000165. At these levels, one can expect a slight increase in bearish interference, which could limit the rally.

Will LUNC Price Reach $0.002 by the End of the Month?

Terra Classic had spectacular spikes in the first few days of the month, which were followed by a massive drop. This plunge extracted nearly 45% of its value dragging the price below $0.0002. However, the market plunged hard with the collapse of the FTX exchange and the LUNC price also dropped below the pivotal support at around $0.0001599. 

Therefore, the upcoming trend is expected to remain largely bearish. In the meantime, if a couple of jumps occur, they may be just short-term bounces to trap the bulls at a higher level. As a result, the LUNC price may continue trading towards the south and then decide on the next leg which is largely dependent on the volume induced. Hence the Terra Classic price prediction for the week is around $0.000168 while for the month is around $0.000266.

Read more: Crypto Crash 2022

Terra Classic Price Prediction: Price Trend Comparison with Terra (LUNA)

Source: Tradingview

  • Terra (LUNA) and TerraClassic (LUNC) are currently in the same boat because both assets have been impacted by the aftermath of the Terra Ecosystem’s collapse.
  • The above chart implies that the assets maintained a similar trend for more than a month and presently heading towards the south amid fresh sell-offs.
  • The LUNA/USDT price could mark the highs just above +4% which was followed by a massive drop to mark the lows around -40% and presently trading at -37%.
  • Besides, the LUNC/USDT price dropped from +12% and reached the lows at -36% and currently trading at -30.35% at the moment.

Terra Classic Price Prediction: 2022, 2023, 2024, 2025

Terra Classic has slumped heavily after the ecosystem collapsed in May and may certainly not recover to its fullest in near future. However, the bulls may certainly keep up the price above the lower support and try to reach the next target levels in the coming days. Undoubtedly, the year end trade may be largely bearish, but the LUNC price may thrive and slash a couple of zeros in the next 5 years of trade. 

Year LUNC Price Forecast
2022 $0.000185 to $0.000199
2023 $0.00027 to $0.00035
2024 $0.00039 to $0.00041
2025 $0.00062 to $0.00087

Terra Classic News Today

  • The core Terra developers popularly called as Terra Rebels came up with a new proposal to re-enable the Terra Classic’s Inter Blockchain Communication (IBC) channels. This proposal aims to reopen IBCs between Terra Classic & 3 channels for Cosmos-based chains, Osmosis, Crescent & Juno that were halted during the Terra-Luna crisis in May. 
  • An independent group of developers, TerraCVita, working to revive the Terra Classic chain announced the deployment of a Decentralized Exchange (DEX) to accelerate LUNC burn. 

Prices as on 23 November, 2022.

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