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

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