Terra Classic

Despite the majority of digital assets in the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency market</a> demonstrating renewed strength in 2023, this has not been the case for Terra Classic (<a href="https://finbold.com/cryptocurrency/terra-luna-classic/" rel="noopener noreferrer nofollow">LUNC</a>), the rebranded <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> of the distressed Terra (<a href="https://finbold.com/topic/luna/" rel="noopener noreferrer nofollow">LUNA</a>) ecosystem, and more pain could be in store, according to the machine learning-based prognosis.Indeed, the machine learning algorithms deployed by the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> monitoring and analysis platform PricePredictions have projected that the price of <a href="https://finbold.com/topic/terra-classic/" rel="noopener noreferrer nofollow">Terra Classic</a> on April 30, 2023, would amount to $0.000119, according to the <a href="https://pricepredictions.com/forecast/terra-luna" rel="noopener noreferrer nofollow">data</a> retrieved by Finbold on April 6.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5739289a600f4a199c066845bff74923.png" />Terra Classic 30-day price prediction. Source: <a href="https://pricepredictions.com/forecast/terra-luna" rel="noopener noreferrer nofollow">PricePredictions</a>If the projection, which relies on technical analysis (<a href="https://finbold.com/guide/technical-analysis/" rel="noopener noreferrer nofollow">TA</a>) indicators, including 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 averages (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">MA</a>), moving average convergence divergence (<a href="https://finbold.com/guide/macd-indicator/" rel="noopener noreferrer nofollow">MACD</a>), Bollinger Bands (<a href="https://finbold.com/guide/bollinger-bands-definition/" rel="noopener noreferrer nofollow">BB</a>), and others, proves correct, it would mean a 2.38% decrease on the current price of LUNC.<h2 id="header-0">LUNC price analysis</h2>Meanwhile, Terra Classic was at press time changing hands at the price of $0.0001219, which represents a decrease of 1.71% in the previous 24 hours, adding up to the losses of 1.82% on its weekly, and 16.52% on its monthly chart, as the most recent data indicates.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/bc844a8bcd9a48389447f498904f25e9.png" />Terra Classic 30-day price chart. Source: <a href="https://finbold.com/cryptocurrency/terra-luna-classic/" rel="noopener noreferrer nofollow">Finbold</a>As things stand, the sentiment around LUNC on the one-day <a href="https://www.tradingview.com/symbols/LUNCUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">gauges</a> featured on the <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">finance</a> and crypto analytics platform TradingView is largely <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bearish</a>. Specifically, its summary demonstrates a ‘sell’ sentiment at 14, which is the result of <a href="https://finbold.com/guide/stochastic-oscillator-definition/" rel="noopener noreferrer nofollow">oscillators</a> suggesting ‘buy’ at 2 and moving averages in the ‘strong sell’ area at 14.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d11bd8c823fd46c590db3f8d5c90f705.png" />Terra Classic 1-day sentiment gauges. Source: <a href="https://www.tradingview.com/symbols/LUNCUSDT/technicals/?exchange&#61;BINANCE" rel="noopener noreferrer nofollow">TradingView</a>All things considered, Terra Classic is in for a challenging few weeks as it struggles with the aftermath of the <a href="https://finbold.com/terraform-labs-founder-do-kwon-arrested-in-montenegro/" rel="noopener noreferrer nofollow">arrest</a> of Terraform Labs founder Do Kwon in Montenegro. Kwon was caught by the authorities after a prolonged manhunt and reports of his <a href="https://finbold.com/do-kwons-manhunt-intensifies-as-south-korean-officials-travel-to-serbia/" rel="noopener noreferrer nofollow">hiding</a> in the neighboring country of Serbia.That said, the coin’s luck could change if the <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> platform <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a> approves a $5 million funding application from the Terra Grants Foundation, for which it applied in December 2022, according to the report <a href="https://medium.com/&#64;edwardkim.ek/terra-grants-foundation-update-e1e5a1afb080" rel="noopener noreferrer nofollow">disclosed</a> by the foundation’s Director, Edward Kim.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 April 30, 2023

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