Will Terra Luna Classic (LUNC) Reach $0.001 Before 2023?

Terra is an open-sourced blockchain project that allows users to develop decentralized applications and next-generation web3 products and services. The current Terra Classic (LUNC) was previously called Terra (LUNA). 

Terra Classic is multi-chained and is in the Ethereum, Polygon, Solana blockchains, and Binance Smart Chain.

Terra was separated into Terra 2.0, also known as the current Terra (LUNA) in the market, and Terra Classic (LUNC), which was the earlier Terra in the market, after the market collapse that caused a significant drop in its price.

Terra Luna Classic (LUNC) Current Market Situation

According to CoinMarketCap, the total quantity of Terra Classic is unknown, but there are now 6,151,072,613,161 LUNC in circulation. LUNC is currently selling for $0.00034, an increase of 2.67% over the previous day. $1.58 billion worth of Terra Classic traded hands in the previous day, a rise of 9.27%.

Some of the best cryptocurrency exchanges include Binance, Huobi Global, Gate.io, Kucoin, and others allow trading of Terra Classic (LUNC), 

The price analysis of Terra Classic (LUNC) for 2022 will be covered now that you are familiar with Terra Classic and its present market situation.

Price Analysis for Terra Luna Classic (LUNC) in 2022

On CoinMarketCap, Terra Classic is now in position 30. Will improvements and advancements within the Terra community cause the price of Terra Classic (LUNC) to increase? In this price analysis post for 2022, we’ll find out.

Keltner Channel

The Keltner Channel is a technical analysis indicator that assesses volatility above or below the candlesticks to identify trend orientations. 

Given that the most recent candlesticks are located in the top-left corner of the chart, the current bullish trend for Terra Classic (LUNC) could continue, according to the Keltner Channel signals. Additionally, the current advance in the price of LUNC might be sustained before any reversal would be anticipated because the latest candlestick is positive.

Terra Luna Classic (LUNA) Price Prediction 2022

On the LUNC/USDT daily chart, the price of LUNC was fluctuating after touching the support levels of $0.00028 and $0.00023, moving from $0.00045 resistance2 to $0.00038 resistance1. It turned around from the $0.00028 support level, is currently trading sideways, and is predicted to turn bullish over the next few weeks.

Since it cannot breach the current support level soon, our long-term LUNC price projection for 2022 is optimistic in the meantime. In 2022, we can anticipate LUNC to reach $0.001.

Resistance and Support Levels

The price of LUNC has climbed by 243% over the last 30 days, according to this optimistic chart. If the price rise persists, LUNC may surpass the resistance levels of $0.00038 ($0.00038), $0.00059 ($0.00059), and possibly $0.00059 ($0.00059), which would indicate a bullish signal for 2022.

The price of LUNC, however, might be deposed from its current upward position if sellers get their way. Simply put, a negative signal would be if LUNC trended below the $0.00004 support5 level and much lower in 2022.

Terra Luna Classic (LUNC) Price Prediction 2023

By the end of 2022, Terra Classic (LUNC) might have a relative strength index (RSI) reading of more than 60. This demonstrates how strong and bullish the trend is. By 2022’s end, it will trade above $0.0015. With further adoptions of Terra Classic’s proof of stake (PoS), which is backed by the Tendermint consensus, we might anticipate a rise in price of at least $0.002 by the end of 2023.

Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.

TagsCrypto