Future

Terra Classic

Convergence

Terra

Force

<img decoding="async" width="1200" height="728" src="https://coingape.com/wp-content/uploads/2023/12/Crypto-community-sets-Terra-Classic-LUNC-price-for-March-31-2023-2-e1708543490507.jpg" class="attachment-full size-full wp-post-image" alt="LUNC Price Analysis: Is Terra Classic Eyeing $0.0002 On Overcoming $0.0001 Hurdle?" style="float:right; margin:0 0 10px 10px;">
LUNC price analysis: The token has experienced a remarkable surge in its market value, exhibiting a strong bullish pattern in the last day marking renewed interest among investors. In the last 24 hours, <a href="https://coingape.com/price/terra-luna-classic/">Terra Classic price</a> increased by 5.44%, hitting a high of $0.000104.&nbsp;This uptick in value marks a significant breakthrough, after pushing past the $0.0001 resistance level. 
Despite this positive price change, the trading volume has dropped by 51% over the last 24 hours, totaling $65.95 million. This reduction indicates a possible waning interest from traders, contrasting the bullish price trend. Currently, Terra Classic holds a market capitalization of $605.74 million and is ranked 118th in market size. 
<h2 id="strong-lunc-price-analysis-what-s-next-for-terra-classic-strong">LUNC Price Analysis: What’s Next for Terra Classic?</h2> 
Over the past week, Terra Classic has experienced a 24% decline despite the recent bullish behavior, which highlights the volatile nature of this cryptocurrency. The price fluctuated between $0.00007 and $0.0001 last week, reflecting a general downtrend and trading below the $0.0001 mark.&nbsp; 
Furthermore, the past month has seen a significant 33.92% fall in its price, underlining the unstable market conditions that continue to test investor sentiment. 
<figure id="attachment_191693" aria-describedby="caption-attachment-191693" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-191693" src="https://coingape.com/wp-content/uploads/2024/04/LUNCUSDT_2024-04-15_20-39-04-e1713202811418.png" alt="LUNC Price Analysis: Is Terra Classic Eyeing $0.0002 On Overcoming $0.0001 Hurdle?" width="1200" height="543">
 <figcaption id="caption-attachment-191693" class="wp-caption-text">
 LUNC Price Analysis:
 </figcaption>
</figure> 
In recent news, the <a href="https://coingape.com/terra-luna-classic-lunc-core-team-proposal-fails-heres-why/">Terra Luna Classic</a> community has rejected a significant proposal for the formation of a dedicated team to oversee development activities on its blockchain. The decision not to support Proposal 12093, dubbed “Establish a Terra Classic Team,” stems from concerns over its lack of specificity and its contradiction with the existing pay-per-job framework.&nbsp; 
The proposal sought to create a group selected by the community, consisting of developers and other contributors, especially following the dissolution of the Joint L1 Task Force in March. Unfortunately, it did not secure sufficient backing to surpass the approval threshold. 
<h2 id="strong-future-outlook-and-technical-indicators-strong">Future Outlook and Technical Indicators</h2> 
If the bullish sentiment intensifies in the market, Terra Classic may surpass the $0.00011 level, reigniting its upward trajectory. This positive shift could enable LUNC to approach and breach resistance at $0.00015, with eyes set on reaching as high as $0.002 following the Bitcoin halving event. 
Conversely, if market doubts prevail, <a href="https://coingape.com/markets/terra-classic-price-prediction-will-lunc-overcome-current-market-consolidation/">LUNC</a> could retreat to the $0.0001 support level. A sustained negative trend would risk further declines to $0.00009, which could lead to more selling pressure.&nbsp; 
The Relative Strength Index (RSI) shows a neutral stance at approximately 42. This suggests an equilibrium between buying and selling pressures. The Moving Average Convergence Divergence (MACD) provides further insights, showcasing a minor bullish signal.&nbsp; 
<figure id="attachment_191690" aria-describedby="caption-attachment-191690" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-191690" src="https://coingape.com/wp-content/uploads/2024/04/LUNCUSDT_2024-04-15_19-57-24.png" alt="LUNC Price Analysis: Is Terra Classic Eyeing $0.0002 On Overcoming $0.0001 Hurdle?" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/04/LUNCUSDT_2024-04-15_19-57-24.png 1154w, https://coingape.com/wp-content/uploads/2024/04/LUNCUSDT_2024-04-15_19-57-24-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/04/LUNCUSDT_2024-04-15_19-57-24-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/04/LUNCUSDT_2024-04-15_19-57-24-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-191690" class="wp-caption-text">
 LUNC Price Analysis| Source: <a href="http://LUNC Price Analysis: Is Terra Classic Eyeing $0.0002 On Overcoming $0.0001 Hurdle?">Tradingview</a>
 </figcaption>
</figure> 
The convergence of the MACD line above the signal line, even though by a slender margin, may hint at potential upward price movement should the market sentiment improve. 
The post <a href="https://coingape.com/markets/lunc-price-analysis-is-terra-classic-eyeing-0-0002-on-overcoming-0-0001-hurdle/">LUNC Price Analysis: Is Terra Classic Eyeing $0.0002 On Overcoming $0.0001 Hurdle?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

LUNC Price Analysis: Is Terra Classic Eyeing $0.0002 On Overcoming $0.0001 Hurdle?

Table of Contents

Coingape News Media

Další články publikované 15. 4. 2024

Bitcoin and Ethereum prices recover in what could be the last market correction before BTC halving

Bitcoin Market Establishes Balance Between New Demand and Long-Term Holders

NFT Firms Are Hiring Again – Tensor NFT Marketplace Is Hiring An NFT Community Lead

Lens Protocol Achieves 300K Profile Milestone

PC Sales are Rebounding After a Long Decline

Hong Kong's First Bitcoin, Ethereum Spot ETFs Get Regulatory Nod: 'Welcome To The Party, China!' ...

Join our free newsletter for daily crypto updates!