2024

Burn

Terra Classic

Terra

<img width="1200" height="675" src="https://coingape.com/wp-content/uploads/2023/12/LUNC-2-e1707237759139.jpg" class="attachment-full size-full wp-post-image" alt="Terra Classic (LUNC) Price Prediction" decoding="async" style="float:right; margin:0 0 10px 10px;">
Terra Classic (LUNC) began 2024 with its price moving horizontally, initially showing no significant gains or losses. This neutral trend was short-lived as the market’s volatility intensified. LUNC experienced a sharp decline, breaking its support level and suffering a loss exceeding 20%. This downturn led to a period of restricted price movement. 
Despite several attempts to break through, LUNC’s price could not sustain upward momentum. This resulted in a further decline in its value. The cryptocurrency then oscillated between $0.00008950 and $0.0001024 for approximately two weeks. This phase was marked by uncertainty and cautious trading. 
<h2 id="strong-terra-classic-lunc-price-prediction-bullish-surge-amidst-market-fluctuations-strong">Terra Classic (LUNC) Price Prediction: Bullish Surge Amidst Market Fluctuations</h2> 
However, the narrative changed recently when bullish traders regained control. They successfully pushed the price beyond the $0.0001024 resistance. This breakout indicates a resurgence in bullish sentiment. LUNC’s market presence has been particularly strong, leading to a notable shift in the broader cryptocurrency landscape. 
The digital asset found crucial support at the $0.00009 level. This support facilitated a bullish double-bottom pattern, overcoming the resistance at $0.0001. Currently, <a href="https://coingape.com/price/terra-luna-classic/">Terra Classic price</a> stands at $0.0001065, reflecting a slight dip of 2.41% in the last 24 hours. 
<figure id="attachment_178912" aria-describedby="caption-attachment-178912" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/Terra-Classic-LUNC-Price-Prediction-e1707237638767.png"><img decoding="async" class="size-large wp-image-178912" src="https://coingape.com/wp-content/uploads/2024/02/Terra-Classic-LUNC-Price-Prediction-1224x643.png" alt="Terra Classic (LUNC) Price Prediction" width="1224" height="643"></a>
 <figcaption id="caption-attachment-178912" class="wp-caption-text">
 Terra Classic (LUNC) Price Prediction
 </figcaption>
</figure> 
Over the past week, despite minor bearish pressures, LUNC showcased an impressive rally, growing over 7%. This trend suggests a bullish inclination amid market fluctuations. The 24-hour trading volume has diminished by over 69%, with a value of around $60 million. Terra Classic ranks 97th on <a rel="nofollow" href="https://coinmarketcap.com/currencies/terra-luna/">CoinMarketCap</a>, with a live market cap of $613,887,567 and a circulating supply of 5,780,053,468,549 LUNC coins. 
<a href="https://coingape.com/terra-luna-classic-lunc-burn-nears-100-billion-as-binance-incinerate-2-1-mln-tokens/">Terra Classic </a>recent performance can be partially attributed to external factors, such as Binance’s decision to burn many LUNC tokens. This move was key in pushing the price past the crucial $0.000103 level. It indicated a potential for a stronger recovery, driven by increasing buyer interest. This was further evidenced by a dramatic surge in trading volume following the price breakout. 
<h2 id="strong-technical-indicators-navigating-lunc-future-trajectory-strong">Technical Indicators: Navigating LUNC Future Trajectory</h2> 
If the market continues to push <a href="https://coingape.com/markets/3-reasons-why-terra-classic-lunc-price-could-explode-to-1-in-2024/">LUNC’s</a> price upwards beyond $0.00015, the bullish trend will likely regain strength. This could lead to the testing of higher resistance levels at $0.00019 and potentially $0.0002. On the flip side, if bearish forces take over, the price might retract to test the support level at $0.0001. A continued bearish dominance could lead to a further decline towards the lower support level of $0.00009. 
<figure id="attachment_178911" aria-describedby="caption-attachment-178911" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-06_19-34-39.png"><img decoding="async" class="size-full wp-image-178911" src="https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-06_19-34-39.png" alt="Terra Classic (LUNC) Price Prediction" width="1136" height="652" srcset="https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-06_19-34-39.png 1136w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-06_19-34-39-300x172.png 300w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-06_19-34-39-768x441.png 768w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSDT_2024-02-06_19-34-39-150x86.png 150w" sizes="(max-width: 1136px) 100vw, 1136px"></a>
 <figcaption id="caption-attachment-178911" class="wp-caption-text">
 Terra Classic (LUNC) Price Chart: <a rel="nofollow" href="https://www.tradingview.com/x/aPqUyDSw/">Tradingview</a>
 </figcaption>
</figure> 
The technical indicators present a mixed outlook. The Moving Average Convergence Divergence (MACD) suggests a bearish trend, with both the MACD and signal lines below the zero mark. The Relative Strength Index (RSI) on the daily chart hovers below the 50 level, indicating a neutral trend. Additionally, the Chaikin Money Flow (CMF) highlights the current bearish sentiment in the market. Despite these indicators, there is a cautiously optimistic outlook for the near term. 
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 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/terra-luna-classic-lunc-burn-nears-100-billion-as-binance-incinerate-2-1-mln-tokens/">Terra Luna Classic (LUNC) Burn Nears 100 Billion As Binance Incinerate 2.1 Bln Tokens</a></li> 
 <li style="font-weight: 400;" aria-level="1"><a href="https://coingape.com/markets/terra-classic-lunc-price-0-00015-as-volume-surge-1000/">Terra Classic (LUNC) Price Targets $0.00015 as Trading Volume Surges by 1000%</a></li> 
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The post <a href="https://coingape.com/markets/terra-classic-lunc-price-prediction-is-0-0002-achievable-by-end-of-february-amid-market-fluctuations/">Terra Classic (LUNC) Price Prediction: Is $0.0002 Achievable by End of February Amid Market Fluctuations?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Terra Classic (LUNC) Price Prediction: Is $0.0002 Achievable by End of February Amid Market Fluctuations?

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