Terra Classic Price Prediction: Can LUNC Hit $1 Mark in the Upcoming Months?

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Can LUNC Hit $1 Mark in the Upcoming Months? – Crypto News

Published

2 years ago

June 29, 2024

Dripp

LUNC has experienced notable fluctuations over the past 24-hours after a market rebound. The token is trading in an upward trend. As of the time of reporting, Terra Classic price is currently at $0.00008269 with a slight increase of 0.91% during the European trading hours. The current market capitalization stands at $453.97M, according to data from CoinMarketCap.

The 24-hour trading volume for Terra Classic (LUNC) is approximately $21.23 million, with an increase of 5.49%, indicating a heightened trading activity compared to the previous day.

Terra Classic Price Prediction: Navigating the Current Market Dynamics

LUNC has recently undergone a noticeable price adjustment, rising slightly by 0.38% over the last week. This movement is part of a broader pattern of volatility seen across the cryptocurrency market.

Currently, LUNC’s value oscillates between $0.000072 and $0.000084. This price range marks a tug-of-war between the buyers and sellers. The Terra Classic token has significantly dropped over 26% in the past month. However, LUNC has found some stability and consistently trades above the $0.000080 level. A modest uptick on the daily chart shows signs of a tentative recovery for LUNC.

LUNC community members demand 200 million USTC from the Coinbase and Pantera Capital-supported Karak Network. They allege that Raouf Ben-Har, a co-founder of Karak, misappropriated millions in cryptocurrency. Simultaneously, efforts have successfully withdrawn 93 million LUNC and 87 million USTC from the Terra Shuttle Bridge (BSC) contract to reduce supply.

Technical Indicators and Market Sentiment

If market dynamics shift favorably for Terra Classic, overcoming the $0.0001 resistance might trigger a notable rise. Such a breakthrough could elevate the cryptocurrency to $0.0002. Sustained upward trends may push it toward the $1 mark by the end of 2024.

Conversely, a continued bearish outlook could see prices drop to $0.000098. If the decline persists, LUNC might settle near $0.00009. This scenario highlights the critical price points for investors watching LUNC’s market movements.

The 4-hour technical indicators for the LUNC highlight a generally stable trading pattern with slight fluctuations. The Relative Strength Index (RSI) has oscillated just above the midpoint, standing at approximately 52.

The Moving Average Convergence Divergence (MACD) displays a slight bullish signal as the MACD line (blue) crosses above the signal line (orange), suggesting potential for upward price movement.

The Average Directional Index (ADX) is relatively low at 15.07, indicating a lack of directional solid movement in the market. The Awesome Oscillator (AO) shifted from negative to positive territory during this period.

Frequently Asked Questions (FAQs)

The Terra Classic community has demanded the return of 200 million USTC from the Karak Network, alleging that co-founder Raouf Ben-Har misappropriated funds.

Terra Classic (LUNC) is showing signs of recovery, with its price recently ranging between $0.000072 and $0.000084.

Terra Classic’s price fluctuations can be attributed to a broader pattern of market volatility, tug-of-war between buyers and sellers, and recent community actions demanding accountability from the Karak Network.

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