Terra Classic

After Terra Classic (<a href="https://finbold.com/cryptocurrency/terra-luna-classic/" rel="noopener noreferrer nofollow">LUNC</a>) saw a brief price recovery upon its developers <a href="https://medium.com/&#64;luncburnarmy/l1-task-force-q2-sprint-2-300254f4864c" rel="noopener noreferrer nofollow">revealing</a> plans for major upgrades, governance proposals, and more, the token of the original chain of the crashed Terra (<a href="https://finbold.com/topic/luna/" rel="noopener noreferrer nofollow">LUNA</a>) network is back to trading in the red, and <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> are wondering about its future movements.With this in mind, Finbold has consulted the machine learning algorithms over at the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> analytics and prediction platform Price Predictions, which set the price of Terra Classic at $0.000097 on May 31, 2023, according to the latest <a href="https://pricepredictions.com/forecast/terra-luna" rel="noopener noreferrer nofollow">data</a> accessed on May 5.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c1e075cd0c334d4c967a24e74c1187f2.png" />Terra Classic 30-day price forecast. Source: <a href="https://pricepredictions.com/forecast/terra-luna" rel="noopener noreferrer nofollow">PricePredictions</a>In other words, the website’s algorithms, which rely on technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) indicators, such as moving average (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</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>), average true range (<a href="https://finbold.com/guide/atr-indicator-definition/" rel="noopener noreferrer nofollow">ATR</a>), and Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), predict a decline of 6.28% to LUNC’s price at press time.<h2 id="header-0">Terra Classic price analysis</h2>As things stand, Terra Classic is currently changing hands at the price of $0.0001035, down 1.57% in the last 24 hours, as well as dropping 5.40% across the previous seven days, and losing 16.18% on its monthly chart, as the most recent data suggests.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/dc02ceef42074d68ba0b397777e5e083.png" />Terra Classic 7-day price chart. Source: <a href="https://finbold.com/cryptocurrency/terra-luna-classic/" rel="noopener noreferrer nofollow">Finbold</a>Meanwhile, the technical analysis over at the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> monitoring website TradingView suggests a largely <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bearish</a> sentiment around Terra Classic. Indeed, according to the analysis, the one-day gauges <a href="https://www.tradingview.com/symbols/LUNCUSDT/technicals/?exchange&#61;KUCOIN" rel="noopener noreferrer nofollow">indicate</a> a ‘strong sell’ at 15, which is the summary of <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> in the ‘sell’ zone at 2 and moving averages suggesting a ‘strong sell’ at 13.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c43b38285e5d4c34aaa257c26239e9e1.png" />Terra Classic 1-day sentiment gauges. Source: <a href="https://www.tradingview.com/symbols/LUNCUSDT/technicals/?exchange&#61;KUCOIN" rel="noopener noreferrer nofollow">TradingView</a>Whether the machine algorithm-based projections come true or LUNC manages to turn the tide will depend on its further developments, such as the earlier Q2 roadmap update, the LUNC community’s proposal to <a href="https://classic-agora.terra.money/t/ustc-incremental-repeg-buybacks-staking-swaps/50966" rel="noopener noreferrer nofollow">re-establish the TerraClassicUSD (USTC) peg</a> with the United States dollar. and the <a href="https://twitter.com/edk208/status/1652381311363960833" rel="noopener noreferrer nofollow">announced</a> introduction of Black Entropy, an artificial intelligence (<a href="https://finbold.com/topic/artificial-intelligence/" rel="noopener noreferrer nofollow">AI</a>) powered application chain.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 algorithm sets Terra Classic price for May 31, 2023

Table of Contents

Finbold

Andre artikler udgivet 5. maj 2023

VEXT is next for Veloce in Web3 evolution

Kenya to impose digital asset tax on crypto, NFTs, online content

Shido Dex V2 - Advanced Trading Mode!

Bitcoin and AI-related altcoins preparing to rip higher

Chainlink price analysis: LINK/USD regains bullish momentum and spikes above $7.23

Coinbase's Complaint Against SEC Gets 10-Day Response Deadline

Join our free newsletter for daily crypto updates!