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- 1 TerraClassic price (BINANCE: LUNC) decreased by 2.47% over the last 24 hours.
- 2 The price of TerraClassic is $0.00008743 (press time) and the 52-week price range is $0.00007606 – $0.00021100.
LUNC is the 1st token of Terra, a blockchain that enables stable payments worldwide. It used to be called LUNA before the network split in 2022 due to a stablecoin crash. LUNC still follows the old Terra rules and aims to keep the UST stable.
If all 1.1 Billion LUNC tokens were available today, the highest market cap of Terra Luna Classic (LUNC) would be $605,581,842. This is what the fully diluted valuation (FDV) of LUNC means. However, according to CoinGecko, a website that provides crypto data and information, not all ETH tokens are mined and released yet. The FDV is therefore a hypothetical value.
Terra Luna Classic crypto plummeted 0.62% in market value and by 20.02% in trading volume in the last 24 hours, per Coinmarketcap which is a crypto data and info website. Its market cap is $454,429,377 and its trading volume is $15,236,646. There are 5,817,374,361,132 LUNC in circulation.
Terra Luna Classic(LUNC) open interest is $16.89 Million, as per Coinglass, which is a crypto analysis website, it rose by 0.95% in the previous session. The long versus short ratio for 24 hours is 0.8786. The total number of short positions added in the last 24 hours is $724.63 against longs of $2.58K.
Moreover, the LUNC coin price fell by 3.73% this month, showing poor performance, but plummeted by 11.28% in the past six months. Also, the year-to-date return of LUNC price is positive with a 42.11% decline.
TerraClassic Price Technical Analysis in 1-D Timeframe
The LUNC price is trading in a narrow range between the previous high of $0.00011512 and the previous low of $0.00007599 on the daily chart. This indicates that there is no clear direction for the LUNC price movement.
However, the LUNC price is showing a bearish trend by making lower highs and lower lows within this range. This suggests that the sellers are more active than the buyers and are pushing the price down.
The price of the LUNC coin has been falling for the last three months, losing 7.64% of its value. At the moment, the CSPR price is $0.00007805 and consolidating in a trapped range situation.
Thereafter, if the CSPR price stays at the current level and goes up, then it could hit the closest resistance levels of $0.00011512 and $0.00012962.
However, if CMP fails to sustain then the CSPR coin price might keep going down and reach the all-time low target of $$0.00007599 if it does not hold the current level.
At the time of publishing, the LUNC coin price (BINANCE: LUNC) is under the 20, 50, 100, and 200-day exponential moving averages (EMAs), which are resisting the price trend. Therefore, the LUNC coin price is likely to go down, and as also TerraClassic price is giving bearish signs on the daily time frame chart.
The MACD line at 0.00000222 and the signal line at 0.00000194 are both below the zero line. They are close to each other and a bearish crossover is observed in the MACD oscillator. The current value of RSI is 36.86 points, and the 14 SMA is at 38.54 points. Based on all reliable indicators, TerraClassic price prediction suggests bearishness characterizes the LUNC price chart.
Conclusion
The TerraClassic price prediction suggests that investors are bearish on the 1-day time frame. The view at the time of publishing was also bearish. Moreover, the technical parameters of TerraClassic price suggest the downtrend will continue over the daily time frame. The MACD and EMAs, RSI are giving negative signals about the LUNC price.
Technical Levels:
- The nearest support: $0.00007599.
- The nearest resistance: $0.00011512 and $0.00012962.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
