Flow

Burn

Terra Classic

Test

Terra

<img width="1200" height="675" src="https://coingape.com/wp-content/uploads/2023/12/lunc-1-1-e1707935040949.jpg" class="attachment-full size-full wp-post-image" alt="Terra Luna Classic Price Prediction" decoding="async" style="float:right; margin:0 0 10px 10px;">
Terra Luna Classic Price Prediction: LUNC has recently embarked on a path of recovery, reflecting a broader positive trend in the cryptocurrency market. <a href="https://coingape.com/price/terra-luna-classic/" rel="noopener noreferrer nofollow">Terra Classic</a> price is trading at $0.0001166, marking a rise of 3.31%. This uplift signals a potential turnaround for Terra Classic after encountering several challenges.
In the last day, most cryptocurrencies have seen upward movements, with charts dotted with green, signaling gains. <a href="https://coingape.com/markets/bitcoin-price-pre-halving-rally-market-cap-hits-1t-surpassing-giants-teslas-walmart-as-btc-tops-51k/" rel="noopener noreferrer nofollow">Bitcoin</a>, for example, has surged past the $52K barrier, injecting a wave of optimism into the market’s outlook. Terra Classic fluctuated between $0.00001190 and $0.00010, following this trend over the last seven days.
<figure id="attachment_180452" aria-describedby="caption-attachment-180452" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/TerraClassic-Price-Prediction.png" rel="noopener noreferrer nofollow"><img decoding="async" class="wp-image-180452 size-large" src="https://coingape.com/wp-content/uploads/2024/02/TerraClassic-Price-Prediction-1224x643.png" alt="TerraClassic Price Prediction" width="1224" height="643"></a>
 <figcaption id="caption-attachment-180452" class="wp-caption-text">
 Terra Luna Price Prediction
 </figcaption>
</figure>
This trend took a decisive turn when bullish traders took the helm, propelling the currency past the $0.00011 mark. Such a breakout underscores a renewed bullish enthusiasm. Terra Classic’s market impact has notably strengthened, influencing the overall cryptocurrency sector.
<h2 id="strong-terra-luna-classic-price-prediction-navigating-through-market-dynamics-strong">Terra Luna Classic Price Prediction: Navigating Through Market Dynamics</h2>
Over the previous week, Terra Luna Classic demonstrated a notable rally, accruing an 8% increase. This movement points to a bullish trend amidst the market’s volatility. Trading volume over 24 hours has decreased by 21.47% to approximately $37.88 million. On <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/terra-luna/">CoinMarketCap</a>, Terra Classic is ranked 101st, with a live market cap of $673 million.
Terra Classic’s remarkable recovery owes much to several pivotal developments. Notably, Binance’s initiative to burn <a href="https://coingape.com/terra-luna-classic-lunc-burn-nears-100-billion-as-binance-incinerate-2-1-mln-tokens/" rel="noopener noreferrer nofollow">LUNC tokens</a> and a significant increase in LUNC staking, which has crossed the 1 trillion mark, stand out. The past fortnight has witnessed a surge in trade volumes alongside the closing of numerous short positions on LUNC, underpinning the asset’s bullish momentum.
<h2 id="strong-terra-luna-classic-technical-indicators-and-market-sentiment-strong">Terra Luna Classic Technical Indicators and Market Sentiment</h2>
If the upward trajectory of <a href="https://coingape.com/markets/terra-classic-lunc-price-prediction-is-0-0002-achievable-by-end-of-february-amid-market-fluctuations/" rel="noopener noreferrer nofollow">LUNC’s</a> value continues past the $0.00012 mark, the bullish momentum is anticipated to solidify. This scenario opens the door to challenging higher resistance levels, potentially reaching $0.00019 and even $0.001. On the downside, a shift towards bearish sentiment could see the price retracting to the $0.0001 support level, with a sustained downward trend possibly touching down at $0.00009.
<figure id="attachment_180450" aria-describedby="caption-attachment-180450" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-14_21-24-37.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-180450" src="https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-14_21-24-37.png" alt="Terra Luna Classic Price Prediction" width="1154" height="652" srcset="https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-14_21-24-37.png 1154w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-14_21-24-37-300x169.png 300w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-14_21-24-37-768x434.png 768w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-14_21-24-37-150x85.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-180450" class="wp-caption-text">
 Terra Luna Classic Price Chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/b9kL7gDl/">Tradingview</a>
 </figcaption>
</figure>
Technical analyses offer a positive outlook, with the Moving Average Convergence Divergence (MACD) indicating an upward trend as both the MACD and signal lines remain above the baseline.&nbsp; The Relative Strength Index (RSI) maintains a stance above 50 on the daily chart, signaling a neutral to positive trend. The Chaikin Money Flow (CMF) is currently in a positive position at 0.02, further indicating bullish sentiment.&nbsp;
Related Articles
<ul>
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/lunc-news-terra-classic-dev-starts-testnet-rehearsal-for-800-million-ustc-burn/" rel="noopener noreferrer nofollow">LUNC News: Terra Classic Test 800 Million USTC Burn With Contract Migration</a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/markets/xrp-price-turns-bullish-as-bitcoin-tops-51k-are-gains-set-to-hit-1-this-week/" rel="noopener noreferrer nofollow">XRP Price Turns Bullish As Bitcoin Tops $51k, Are Gains Set To Hit $1 This Week?</a></li>
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/terra-classic-community-votes-on-two-major-kyc-proposals-lunc-to-0-0002/" rel="noopener noreferrer nofollow">Terra Classic Community Votes on Two Major KYC Proposals, LUNC to $0.0002?</a></li>
</ul>
The post <a href="https://coingape.com/markets/terra-luna-classic-lunc-price-prediction-begins-bullish-pressure-alley-to-0-001-clear/" rel="noopener noreferrer nofollow">Terra Luna Classic (LUNC) Price Prediction Begins Bullish Pressure, Alley To $0.001 Clear?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Terra Luna Classic (LUNC) Price Prediction Begins Bullish Pressure, Alley To $0.001 Clear?

Table of Contents

Coingape News Media

Άλλα άρθρα που δημοσιεύτηκαν στις 14 Φεβ 2024

Cryptocurrency To Yield 1000% ROI In 30 Days

Dogecoin whales curious despite DOGE’s exit from top 10

Moody’s Embraces Generative AI to Transform Financial Services

Creta, Thomas Vu, and Lloyds Investment Group Join Forces to Launch $1 Billion Fund, Accelerating...

Ethereum staking supply crosses 25%, but it’s not the end yet

Printing money for fools is a ‘great business to be in’ — NZ central bank head

Join our free newsletter for daily crypto updates!