Terra Classic

Although the price of Terra Classic (<a href="https://finbold.com/cryptocurrency/terra-luna-classic/" rel="noopener noreferrer nofollow">LUNC</a>) briefly <a href="https://finbold.com/terra-classic-spikes-as-binance-announces-support-for-upgrade-is-0-0001-next/" rel="noopener noreferrer nofollow">skyrocketed</a> after <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a> announced its support for the Terra network upgrade, it has been recording declines in recent days, and machine algorithms do not predict things to get any better by the end of August.Indeed, the advanced machine learning algorithms deployed on the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> monitoring and forecasting platform PricePredictions have projected that Terra Classic would trade at $0.000076 on August 31, 2023, according to the latest <a href="https://pricepredictions.com/forecast/terra-luna" rel="noopener noreferrer nofollow">data</a> retrieved on August 2.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/e088bc37ad0348e59426c81f6d320190.png" />Terra Classic 30-day price forecast. Source: <a href="https://pricepredictions.com/forecast/terra-luna" rel="noopener noreferrer nofollow">PricePredictions</a>As per the above prediction, based on indicators such as average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), relative strength index (<a href="https://finbold.com/guide/rsi-indicator/" rel="noopener noreferrer nofollow">RSI</a>), moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), and others, the rebranded native coin of the disgraced Terra (<a href="https://finbold.com/topic/luna" rel="noopener noreferrer nofollow">LUNA</a>) ecosystem could drop its price by 5.66% compared to its present situation.<h2 id="header-0">Terra Classic price analysis</h2>At press time, Terra Classic was changing hands at the price of $0.000803, suggesting an increase of 1% in the last 24 hours but a decline of 1.07% across the previous seven days, in addition to losing 7.8% on its monthly chart, as per the most recent information seen on August 2.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5b84d931b1e04ab0a1f4add4d98220da.png" />Terra Classic 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/terra-luna-classic/" rel="noopener noreferrer nofollow">Finbold</a>As it happens, Terra Classic is presently facing its strongest <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> at $0.00008530. At the same time, its strongest support zone rests on the $ 0.00007636 price level, with a <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bearish</a> sentiment prevailing at 87% against 13% <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bulls</a>.Meanwhile, the 1-day technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) gauges over at the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> analytics website TradingView are bearish themselves, their summary <a href="https://www.tradingview.com/symbols/LUNCUSDT/technicals/?exchange&#61;KUCOIN" rel="noopener noreferrer nofollow">indicating</a> a ‘sell’ at 15, as derived from moving averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>) pointing at a ‘strong sell’ at 14 and <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> in the ‘neutral’ at 8.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0b882a86cff04db699e10feb95c07a72.png" />Terra Classic 1-day gauges. Source: <a href="https://www.tradingview.com/symbols/LUNCUSDT/technicals/?exchange&#61;KUCOIN" rel="noopener noreferrer nofollow">TradingView</a>Taking into account these factors, the machine predictions could, indeed, prove correct. However, the LUNC price spike following the Binance announcement suggests that the digital asset has the capacity to turn the tide and move in an opposite direction if pushed by a positive development.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Machine learning algorithm sets Terra Classic price for end of August 2023

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