Terra Luna Classic (LUNC) Price Prediction 2024-2030: Will LUNC Price Hit $0.00035 Soon?

• Bullish Terra Classic (LUNC) price prediction ranges from $0.00030 to $0.00036.
• Analysis suggests that the LUNC price might reach above $0.00035.
• The LUNC’s bearish market price prediction for 2024 is $0.00011.

Terra is an open-sourced blockchain project built to enhance the development of following-generation products and services. Its native token, called before its market implosion in May 2022, is now rebranded to Terra Classic and denoted with LUNC.

Terra Classic investors are bullish, and the return on their investment has been over 19 times in the past four months. The present all-time high (ATH) price of LUNC is $119.18, attained in April 2022 before a market implosion. Irrespective of the recent crypto winter, LUNC investors are confident that the future of LUNC is bullish.

If you are interested in the future of Terra Classic (LUNC) and want to know the price analysis and price prediction of LUNC for 2024, 2025, 2026, up to 2030. keep reading this Coin Edition article.

Luna Classic (LUNC) Market Overview

What is Terra Luna Classic (LUNC)?

Terra is an open-sourced blockchain project that helps develop decentralized applications and next-generation web3 products and services. The present Terra Classic (LUNC) was called Terra (LUNA). However, after the market implosion that led to a substantial dip in its price, Terra was split into Terra 2.0, known as the present Terra (LUNA) in the market and Terra Classic (LUNC), which was the previous Terra in the market.

Terra Classic is multi-chained and is present in the Ethereum blockchain, Polygon blockchain, Solana blockchain, and Binance Smart Chain.

The reason behind the two names was associated with the split of Ethereum Classic from Ethereum. Do Kwon and Daniel Shin founded Terra. Since Terra blockchain is community-owned and permissionless, it can be accessed by anyone with an internet connection from any part of the world.

Terra Classic (LUNC) can be stored by downloading Terra Station wallet in Chrome extensions, Firefox add-ons, Windows, iOS Wallet, and Android Wallet. Linus (.rpm), Linus (.deb), Mac-Apple-Chip and Mac-Intel-Chip.

Analyst view on Terra Classic (LUNC)

Binance, the biggest crypto exchange, announced a burn mechanism of its own. Binance has said it would burn several LUNC coins equal to the fees it receives from trading. Thus, in a recent Twitter AMA, CZ advocated for “other exchanges” to “follow” similar burn processes. If additional platforms follow suit, there is potential for the burn process to be accelerated, sending LUNC soaring back toward its prior highs.

Terra Classic (LUNC) Current Market Status

Terra Classic (LUNC) has a circulating supply of 5,838,697,541,209 LUNC, while its maximum supply is infinite, according to CoinMarketCap. At the time of writing, LUNC is trading at $0.0002095 representing 24 hours decrease of 14.81%. The trading volume of LUNC in the past 24 hours is $532,813,737 which represents a 56.86% decrease.

Some top cryptocurrency exchanges for trading Terra Classic are Binance, KuCoin, Kraken, Huobi Global, PancakeSwap (V2), MEXC, and Gate.io.

Now that you know LUNC and its current market status, we shall discuss the price analysis of  LUNC for 2023.

Terra Classic (LUNC) Price Analysis

Will Terra Luna Classic blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect LUNC’s sentiment over time? Read more to find out about Terra Luna Classic’s 2023 price analysis.

Terra Classic (LUNC) Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

When looking at the above chart, it could be noted that LUNC is rising while touching the upper Bollinger band. As such, it was overbought and there was a retracement that happened as a result. However, it seems like just the beginning of the retracement and the price of LUNC may fall even further and might reach the SMA moving average before rising again. If the bears are dominant, LUNC could fall well below the SMA and reach the lower band. 

The Bollinger band super trend indicator used in the above chart shows that LUNC is still on an uptrend despite its retracement. However, the trend might change if LUNC continues to move in the downward direction. The Bollinger band width indicator shows that the bands have expanded to their maximum width. As such, intuitively there could be a period of consolidation when the bands contract. However, that doesn’t mean that LUNC necessarily could go into consolidation.      

Terra Classic (LUNC) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA, it is considered bullish; if it’s below the SMA, it is bearish.

The RSI shows that LUNC has crossed the overbought region and is now in the normal range. The RSI reads a value of 69 and the line seems to be travelling in the downward direction. Furthermore, the RSI has crossed the signal line and therefore, LUNC could be entering a bearish phase in the coming days. However, once buyers enter the market to buy the dip, there is a high chance that LUNC could rise again.  

Terra Classic (LUNC) Price Analysis – Moving Average

The  EMA is similar to the SMA. However, the SMA equally distributes down all values whereas the Exponential Moving Average (EMA)  gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average. 

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross. Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. It could be noted that LUNC spiked with the golden cross as shown in the chart above. 

However, when considering the LUNC’s behavior just before the spike, it could be noted that both the EMA’s were sliding downwards. This shows that LUNC has been losing value in the short and longer time frames. 

Terra Classic (LUNC) Price Prediction 2024-2030 Overview

Terra Classic (LUNC) Price Prediction

The above chart shows that LUNC broke out from a falling wedge which made it spike drastically. As per the best practice of trading a falling wedge, traders usually expect the price to spike by the height of the wedge at the initial stages of formation. However, concerning LUNC, a spike higher than the height of the wedge could be noted. 

Currently, LUNC is losing value and it is looking for a support level. As such, it may first land on Support 1  at $0.000159 and if this level is broken then it may test Support 2 at $0.000118. If any of these two support levels fail to hold LUNC, then it may look for support from the $0.0000772 level or the $0.0000650 level marked in yellow. 

On the flip side, if any of the support levels shown in blue hold LUNC’s price from falling, there is a high chance that it could spike and reach $0.00036 in the future. However, it might need some quality buyers to perform this herculean task as the buying momentum keeps reducing when the price gets higher.

Terra Classic (LUNC) Price Prediction – Resistance and Support Levels

The above chart shows that LUNC was falling steeply during the initial stages as it was losing value abruptly. It was sliding along the 1:2 Gann line before it was supported at the 2:1 Gann line. LUNC tried to rise along this line but wasn’t able to maintain the momentum for long. Hence, LUNC started to crash again.

However, when considering LUNC crashing phases (arrows), it could be seen that initially, LUNC was falling really drastically. But the final stage of falling has a lesser gradient which shows that LUNC regained some momentum. 

Currently, LUNC is looking for support from the 4:1 Gann line. If the 4:1 Gann line supports LUNC, then it may slide along it. However, if the bulls are strong enough to resist this fall, then LUNC may test the 4:1 Gann line again.

Terra Classic (LUNC) Price Prediction 2024

There will be Bitcoin halving in 2024. Hence, we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. However, the year of BTC halving didn’t yield the maximum for Terra Luna Classic based on the previous halving. Hence, we could expect Terra Luna Classic to trade at a price, not below $0.00051 by the end of 2024.

Terra Classic (LUNC) Price Prediction 2025

LUNC may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, LUNC will continue to rise in 2025 forming new resistance levels. It is expected that LUNC would trade beyond the $0.00094 level.

Terra Classic (LUNC) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, LUNC could tumble into its support regions. During this period of price correction, LUNC could lose momentum and be way below its 2025 price. As such it could be trading at $0.00055 by 2026.

Terra Classic (LUNC) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, that excitement has not been reciprocated in LUNC. As such, we could expect LUNC to trade just above its 2026 value at around $0.00080 by the end of 2027.

Terra Classic (LUNC) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, LUNC may reciprocate its past behavior during the BTC halving. Hence, LUNC would be trading at $0.0012 after experiencing a considerable surge by the end of 2028.

Terra Classic (LUNC) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market will gradually become stable by this year. In tandem with the stable market sentiment, LUNC could be trading at $0.0035 by the end of 2029.

Terra Classic (LUNC) Price Prediction 2030

After witnessing a bullish run in the market, LUNC and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, LUNC could be trading at $0.0025.

Terra Classic (LUNC) Price Prediction 2040

The long-term forecast for LUNC indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point.

If they start selling then LUNC could fall in value. It is expected that the average price of LUNC could reach $0.09 by 2040.

Terra Classic (LUNC) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, LUNC could hit $0.15

Conclusion

If investors continue showing their interest in LUNC and add these tokens to their portfolio, it could continue to rise. LUNC’s bullish price prediction shows that it could reach the $0.36 level.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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