Defi

Terra Classic

DeFi

Terra

Notable

<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 Classic Price Surges Amid Market Volatility, DeFi TVL Hits $3.59M" decoding="async" style="float:right; margin:0 0 10px 10px;">
TerraClassic has witnessed a remarkable uptick in its market performance, marking a significant increase over the previous month. In the recent week, <a href="https://coingape.com/markets/terra-classic-price-prediction-will-lunc-overcome-current-market-consolidation/" rel="noopener noreferrer nofollow">LUNC’s</a> price movement has been somewhat unpredictable, alternating between upward and downward trends moving laterally in the market.&nbsp;
Despite this, the last four hours have seen a modest dip of 2.71% in <a href="https://coingape.com/price/terra-luna-classic/" rel="noopener noreferrer nofollow">Terra Classic price</a>, following a period of positive momentum, bringing it to a current trading value of $0.0001369. This shift comes after a bullish phase, highlighting the fluctuating nature of LUNC’s market presence.
<h2 id="strong-terra-classic-price-trends-and-market-analysis-strong">Terra Classic Price Trends and Market Analysis</h2>
Over the past 24 hours, a noticeable downturn of 6.78% in transaction volume was recorded, settling at $72.93 million. This downturn suggests a reduction in market activity following a recent correction, placing Terra Classic among the top 110 cryptocurrencies with a market cap of $794 million, according to <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/terra-luna/">Coinmarketcap data.</a>
<figure id="attachment_187484" aria-describedby="caption-attachment-187484" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-187484" src="https://coingape.com/wp-content/uploads/2024/03/TerraClassic-price-chart-e1711122653451.png" alt="Terra Classic Price Surges Amid Market Volatility, DeFi TVL Hits $3.59M" width="1200" height="554">
 <figcaption id="caption-attachment-187484" class="wp-caption-text">
 Terra Classic price chart
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The trading day for LUNC began on a positive note, with its value peaking at $0.0001481. However, it encountered resistance at this level, indicating a potential shift in market dynamics.
The monthly analysis for LUNC points to an optimistic trend, marked by a 12% increase. The price fluctuation ranged between $0.0002355 and $0.0001119, showing a minor decline overall.
This week, a 13% decrease in Terra Classic’s value was observed, mirroring a wider market downturn affecting numerous cryptocurrencies. The crypto market as a whole is experiencing a slight pullback, with <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> dropping below the $64,000 benchmark and <a href="https://coingape.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> falling under $3300.
If the positive momentum for LUNC resumes, its price could potentially surpass the $0.00014 mark. This revival could pave the way for LUNC to challenge the $0.00015 resistance level and aim for the $0.00019 milestone.
Conversely, if the bearish trend intensifies, LUNC’s value might retreat to the $0.00013 support level. A continued decline could press LUNC to explore new lows around $0.0001, testing further support zones.&nbsp;
<h2 id="span-style-font-weight-400-defi-s-rising-star-terra-classic-s-notable-tvl-growth-span">DeFi’s Rising Star: Terra Classic’s Notable TVL Growth</h2>
The decentralized finance (DeFi) sector is once again in the spotlight as Terra Classic’s Total Value Locked (TVL) has seen an impressive surge, according to recent data from <a rel="noopener noreferrer nofollow" href="https://defillama.com/chain/Terra%20Classic">Defi Llama</a>. 
<figure id="attachment_187485" aria-describedby="caption-attachment-187485" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-187485 size-full" src="https://coingape.com/wp-content/uploads/2024/03/Terra-Classic-price-Source-Defilema.png" alt="Terra Classic Price Surges Amid Market Volatility, DeFi TVL Hits $3.59M" width="1110" height="510" srcset="https://coingape.com/wp-content/uploads/2024/03/Terra-Classic-price-Source-Defilema.png 1110w, https://coingape.com/wp-content/uploads/2024/03/Terra-Classic-price-Source-Defilema-300x138.png 300w, https://coingape.com/wp-content/uploads/2024/03/Terra-Classic-price-Source-Defilema-768x353.png 768w, https://coingape.com/wp-content/uploads/2024/03/Terra-Classic-price-Source-Defilema-150x69.png 150w" sizes="(max-width: 1110px) 100vw, 1110px">
 <figcaption id="caption-attachment-187485" class="wp-caption-text">
 Terra Classic price| Source: <a rel="noopener noreferrer nofollow" href="https://defillama.com/chain/Terra%20Classic">Defilema</a>
 </figcaption>
</figure>
As of March 22, 2024, Terra Classic has locked in a notable $3.59 million, marking a significant&nbsp;milestone for the blockchain platform. The graph on DeFiLlama’s platform indicates a sharp increase in TVL, suggesting growing investor confidence and an uptick in DeFi engagements on the network.
The daily technical indicators for Terra Classic (LUNC) suggest a market showing signs of fluctuation within a constrained range. The Relative Strength Index (RSI) stands at 40.72, which indicates that the asset is neither overbought nor oversold. 
<figure id="attachment_187486" aria-describedby="caption-attachment-187486" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-187486" src="https://coingape.com/wp-content/uploads/2024/03/LUNCUSDT_2024-03-22_17-58-46.png" alt="Terra Classic Price Surges Amid Market Volatility, DeFi TVL Hits $3.59M" width="1154" height="588" srcset="https://coingape.com/wp-content/uploads/2024/03/LUNCUSDT_2024-03-22_17-58-46.png 1154w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSDT_2024-03-22_17-58-46-300x153.png 300w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSDT_2024-03-22_17-58-46-768x391.png 768w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSDT_2024-03-22_17-58-46-150x76.png 150w" sizes="(max-width: 1154px) 100vw, 1154px">
 <figcaption id="caption-attachment-187486" class="wp-caption-text">
 Terra Classic Price| Source: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/rQJvnqIP/">Tradingview</a>
 </figcaption>
</figure>
The Bollinger Bands (BB) show a slight contraction, with the upper band at 0.0002181 and the lower band at 0.0001222. This could suggest a decrease in market volatility or a potential consolidation phase as the bands tighten.
The post <a href="https://coingape.com/markets/terra-classic-price-surges-amid-market-volatility-defi-tvl-hits-3-59m/" rel="noopener noreferrer nofollow">Terra Classic Price Surges Amid Market Volatility, DeFi TVL Hits $3.59M</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Terra Classic Price Surges Amid Market Volatility, DeFi TVL Hits $3.59M

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