- LUNC price has slipped below the 200-day moving average.
- The LUNC coin price has dropped by 50% in December.
Terra Classic (LUNC) price is in a downtrend and currently slipped below the significant moving averages. The price of Terra Classic shows signs of weakness, losing the gains it made below the key moving averages.
The Terra Classic crypto has been in a downtrend for the past month, forming lower-low patterns. Currently, the LUNC price has slipped below the 200-day moving average and displayed a sharp fall.
Terra Classic price is trading at $0.000105 with an intraday loss of 2.41%. The market capitalization is $610.98 million and the 24-hour trading volume is $30.79 million.
In a week, the LUNC crypto saw a decrease of approximately 12.04%. There has been a decline that reached roughly 33.55% in a month. In the last three months, the crypto has gained by about 106.50%, while they have gained by around 77% in the last six months. Additionally, the cryptocurrency’s performance throughout the year has been subpar, with a year-to-date drop of roughly 14.10%.
In November and December, the LUNC crypto price performed extremely bullish and jumped by 350%. Since the second week of December, the Terra Classic price has melted by 60%, which indicates strong selling pressure.
Will Terra Classic Crypto Price Recover Past Losses?
After a strong bullish trend, the Terra Classic price has performed negatively and eroded the previous gains. It has slipped below the significant moving average, which shows the weakness and sellers are dominating.
Currently, the Terra Classic crypto price is heading toward the support level of $0.0000900. If it takes support on the $0.0000900 mark and forms a bullish candlestick pattern, a buying momentum can be seen.
On the other hand, if the LUNC coin price fails to defend the support level and selling volume increases, the sellers may dominate further and selling pressure can be observed.
The MACD indicator is also bearish, with the MACD line crossing below the signal line. The Terra Classic crypto is likely to continue to fall in the upcoming days.
Overall, the technical indicators suggest that Terra Classic crypto is bearish in the short term. However, if it can maintain the current level, it could continue to rise in the long term.
Terra Classic Price Prediction FAQs
What is the LUNC price prediction today?
According to our technical analysis, the LUNC price will gain 0.00% to reach $0.000105 by today.
What is the Terra Classic price prediction tomorrow?
Terra Classic price is predicted to perform negatively and may fall 5.17% to hit $0.0000996 by tomorrow.
What is the Terra Classic price forecast for this week?
Based on our analysis, the price is forecasted to drop 9.95% to reach $0.0000950 by this week.
What is the current LUNC price prediction sentiment?
The current price prediction sentiment is bearish according to our technical analysis.
Conclusion
In conclusion, the Terra Classic (LUNC) crypto price has been downtrend for the past month and dropped by around 50% in December. The technical indicators suggest that the LUNC crypto is bearish in the short term. If it fails to defend the support level, selling pressure may increase. However, if it can maintain the current level, it could continue to rise in the long term.
The current price prediction sentiment is bearish according to the technical analysis, and the crypto price is predicted to drop in the short term. It is always essential to conduct thorough research and analysis before making any investment decisions.
Technical Levels
Resistance: $0.000130 & $0.000170
Support: $0.0000900 & $0.0000700
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.