Terra Luna Classic Price Prediction: 2024, 2025, 2030

LUNC price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart showcased that the lowest price floor for LUNC was at $0.000056.
• Subsequently, the highest possible resistance for the token can be estimated at around $0.00033.

2. Market sentiment

• The overall market sentiment for LUNC is seen to be slightly bearish in April 2024

3. Predictive forecasts

• Our AI/ML predictive models have forecasted that LUNC can touch an average value of $0.02 by 2030. Additionally, it may surge higher to touch $0.19 by 2033.

Given below is a comprehensive weekly technical analysis of LUNC, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

LUNC technical analysis: Bears rally post bullish surge

The Terra Luna Classic price prediction for 2024 factors in the asset's performance over the past year, influenced by developments, market volatility, and overall trends in the cryptocurrency landscape.

As the period of analysis began, LUNC was seen slightly above the pivotal mark of $0.000110. However, this position was short-lived, as bearish tendencies took the reins by mid-April. Furthermore, this pushed the altcoin’s value to settle just above the $0.000087 threshold. 

June saw LUNC's price stabilize at this level, with an evident power struggle between buyers wanting to push prices up and sellers aiming to drive them down. This balance persisted until mid-July, after which sellers dominated the market, driving LUNC down to its lowest support level at $0.000056 by mid-September.

The narrative began to shift as October's market winds blew favorably for the bulls, catalyzing a vigorous rally that saw LUNC ascend to a peak resistance level of $0.000200 by November. The exuberance of this rally waned come December, ushering in a downtrend that saw LUNC descend past the critical support level of $0.000110 by January.

Undeterred by this setback, buyers rallied once again, elevating LUNC's price back to the $0.000200 benchmark by March. Yet, this resurgence was met with resistance, culminating in a price correction that morphed into a downtrend, effectively pulling prices down past the once steadfast $0.000110 level in April. 

At the close of the analysis period, LUNC was being traded at $0.000098. The token’s current market sentiments signify a bearish dominance. According to CoinMarketCap, LUNC witnessed a 27% depreciation in price over the past month, with its trading volume plunging by 22% over the past 24 hours. 

The crypto’s native community has rejected the proposal to form a core team and govern new developmental changes. Furthermore, a report by AMBCrypto stated that Terraform Labs’ co-founder Do Kwon was going to be extradited to South Korea, which may bring forth a pivotal change in the network and its foundational architecture.

If the bears persist and take hold of the token’s trajectory, LUNC may fall below $0.000087 in the upcoming weeks. A sustained bearish momentum may also lead to LUNC falling to its price floor at $0.000056 within a few months.

However, if the bulls manage to regroup and push forth with resilience, LUNC’s value may spike to retouch the highest resistance level at $0.000200 within the next few weeks. A trend reversal followed by a sustained bullish rally may lead to higher spikes in LUNC’s value, and it may reclaim the $0.00033 mark, a level that has not been surpassed since 2022, within the upcoming months.

Amidst all uncertainties, the long-term trajectory for LUNC remains positive. Our AI/ML predictive models have forecasted that LUNC can touch an average value of $0.02 by 2030. Furthermore, if newer developmental changes emerge, along with lucrative use cases for the token, LUNC may also witness its average value to touch $0.19 by 2033.
 

LUNC's 2024 roadmap: Key indicators to watch and trade

• The trading volume stayed low throughout the year, but a significant recovery was observed as it approached its peak resistance level for the first time. This was followed by a subsequent decline. 
• As the price increased in February, the volume recovered slightly. However, it didn’t sustain itself, and the volume dipped again. At press time, the trading volume had waned considerably, but it hadn’t slowed down to its previous low.
• The Relative Strength Index (RSI) began the year below the oversold region and remained there until the end of May, suggesting an upcoming price appreciation.
• Although the RSI recovered slightly, it consistently stayed well below the 50 mark and re-entered the oversold territory by mid-August. The indicator recovered decisively in mid-October. 
• From that point, the RSI continued to rise, even entering the overbought territory towards the end of November. After reaching a peak of 77.83, it began to decline. The indicator briefly fell below 50 between mid-January and February, indicating a loss in momentum. 
• Although it resumed an upward trajectory in March, as April commenced, the RSI value fell below the 50 line again, registering at 43.21 at the time of writing. This signified that bearish forces have been at play.
• The Chaikin Money Flow (CMF) remained below zero until the end of October, after which it began to rise, reaching a high of 0.38 by the end of November. This indicated a period of accumulation.
• Following its peak in November, the CMF has been on a downtrend. Although a minor attempt to recover was witnessed in February, it was not sustained. From the start of April, the CMF underwent a steep decline in value. At press time, the CMF stood at -0.21. It indicated that the money was flowing out of the asset at a higher pace.