Terra LUNA Classic [LUNC] Price Prediction 2025-2030: Whales on Move, Rising Hope

Terra LUNA Classic [LUNC] price prediction suggests the LUNC token’s rising pattern as trading volume shoots.
LUNC crypto is currently below 20, 50 and 100-days Daily Moving Average.
On the last day, the price of Terra Luna Classic (LUNC) increased by 0.18%, bucking a week of losses for the cryptocurrency market as a whole. It was worth $0.0001655 at the time of publication, having dropped by more than 18% in value.

Terra LUNA Classic [LUNC] Price Prediction suggests the token’s recovery momentum over the daily time frame chart. LUNC cryptocurrency has been trading inside a rising parallel channel over the daily chart since December 2022 and is now trying to recover back inside the channel. However, it’s just the start of the recovery as trading volume is at 42.605B which is way lesser than that of the required average volume that is 192.541B. Terra LUNA Classic price prediction needs to recover back inside the channel to maintain its recovery phase over the chart.

About Terra LUNA Classic [LUNC] Cryptocurrency

A decentralized cryptocurrency called Terra Classic (LUNA) uses the Terra blockchain network to function. Terra Classic, a stablecoin that was introduced in 2019, aims to provide a low-volatility alternative to other cryptocurrencies. Terra Classic’s price is tied to the US dollar and kept stable via reserves and algorithmic stabilization techniques.

As a store of value and a means of commerce, Terra Classic has grown in popularity. Transactions on a variety of decentralized applications (dApps) established on the Terra network, including e-commerce websites, gambling portals, and more, utilize the currency.

Terra LUNA Classic [LUNC] price prediction showcases the token’s rising momentum over the daily time frame chart after experiencing an interesting roller-coaster ride. However, volume change is still below average and needs to grow for LUNC crypto to surge back inside the parallel channel. However, LUNC crypto is currently below 20, 50 and 100-days Daily Moving Average.

Will Terra LUNA Classic Crypto Recover Inside Channel?

Terra LUNA Classic [LUNC] price needs to recover back inside the parallel channel in order to showcase its recovery phase over the charts. Technical indicators suggest the token’s recovery phase over the daily chart.

Relative Strength Index showcases the uptrend momentum of Terra LUNA Classic [LUNC] price. RSI was at 46 and is heading towards neutrality. However, MACD exhibits the downside trend of the LUNC crypto price. The MACD line is digging below the signal line after a negative crossover. Investors in LUNC cryptocurrency need to wait until the LUNC crypto price reverts back inside the channel.

Summary

Terra LUNA Classic [LUNC] Price Prediction suggests the token’s recovery momentum over the daily time frame chart. LUNC cryptocurrency has been trading inside a rising parallel channel over the daily chart since December 2022 and is now trying to recover back inside the channel. Terra Classic, a stablecoin that was introduced in 2022, aims to provide a low-volatility alternative to other cryptocurrencies. However, volume change is still below average and needs to grow for LUNC crypto to surge back inside the parallel channel. Technical indicators suggest the token’s recovery phase over the daily chart.

Technical Levels

Resistance Levels: $0.00018 and $0.00020

Support Levels: $0.00015 and $0.00012

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading any stock or crypto assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing