As the bullish trend returns for many cryptocurrencies, Terra Classic (LUNC) seems to have only recently halted its decline from previous weeks and months, and machine learning and artificial intelligence (AI) algorithms are optimistic about its price by the end of this month.
Specifically, the advanced algorithms over at the crypto and stock analytics platform CoinCodex see the price of Terra Classic making a gentle upward movement, setting its price at $0.000107 on February 29, 2024, according to the most recent information retrieved by Finbold on February 2.
Indeed, should these predictions, which the machine learning algorithm has calculated on the basis of Terra Classic’s historical price dataset and other indicators, become a reality, they would represent an increase of 13.83% to its price at press time.
Terra Classic price analysis
As things stand, the price of Terra Classic currently amounts to $0.000094, recording an increase of 0.56% in the last 24 hours, albeit declining 1.54% across the previous seven days and losing 20.83% over the past month, as the latest charts demonstrate.
At the same time, the 7-day technical analysis (TA) sentiment gauges deployed by the finance and crypto market analytics website TradingView are bearish about LUNC, their summary pointing at a ‘sell,’ based on moving averages (MA) suggesting a ‘strong sell’ at 8 and oscillators in the ‘sell’ position at 2.
All things considered, Terra Classic might have a chance at reaching the result forecast by the machine algorithms. However, things could easily go downhill in this industry, which is why doing one’s own research and weighing the risk tolerance is important.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
Source: https://finbold.com/machine-learning-algorithm-predicts-terra-classic-price-for-february-29-2024/