Terra LUNA Classic Price Prediction 2023: Will Price Mark Above $0.0003?

Key Takeaways:

• LUNC price has managed to trade within an ascending trend, despite the volume has dropped notably 
• Terra LUNA Classic price has been gearing up and maintaining a fine upswing for over a month now and is believed to rise over the crucial resistance very soon
• Besides, the sentiments of the token have dropped which may impact the volatility of the rate, keeping potential buyers away from the platform.

Terra LUNA Classic Price History

• Terra LUNA Classic entered the development phase in 2018 and later the Mainnet was launched in 2019 

• The price previously known as Terra (LUNA), commenced the trade with a base price of around $1 and closed the yearly trade with a drop to $0.28.

• Further, the price rebounded slightly during H1 2020 and reached $0.5 but again fell into a deep bearish well and closed the yearly trade at around $0.6. 

• The price since the beginning of 2021, ignited a massive bull run that soared the prices to as high as $100 and by the end of the year, it faced a minor pullback to $84

• The bullish momentum continued in 2022 as the price revived a bullish kickstart to reach highs beyond $115. However, the price dropped which later witnessed dreadful days.

• Terra’s algorithmic stablecoin lost its peg and hence LUNA collapsed which compelled the price to mark the lowest ever levels, adding up multiple zeros in its value
• Presently, the price has rebounded from its lows finely, but the price continues to hold a couple zero and believed to rise to $1 soon

Read More: Top Cryptos that Crashed more than 70%

Terra LUNA Classic Technical Analysis

Source: Tradingview

• Similar to other tokens, LUNC price triggered a notable upswing quickly with the beginning of 2023
• The price is rising within an ascending triangle, trading along the lower support and heading towards the edge of consolidation
• On the other hand, the MACD which is within the positive ranges is about to undergo a bullish crossover and hence a notable upswing may trigger a fine rally soon
• Despite a bullish push, the price may remain restricted below $0.0002 and may remain until the rally reaches the peak of the triangle and rise beyond the consolidation to reach the first milestone at $0.00025

Overview of Terra LUNA Classic On-chain Analysis:

Terra LUNA Classic Development Activity

Source: Santiment

Development activity, measured by the daily GitHub activity, a platform where the activity is recorded. The activity is gauged by the number of events the developers record over the platform, like pushing commits, raising any queries, etc. The rise in activity suggests the team behind the project is serious about the business proposition and is therefore working hard to deliver new features and network upgrades. 

The development activity in the case of LUNC has been rising noticeably, indicating the team is committed to delivering new features and upgrades at the earliest possible date. The market participants also become more confident about the fundamentals, which are strengthening day by day. Therefore, a notable impact on the price could be imminent. 

Terra LUNA Classic Total Weighted Sentiments

Source: Santiment

The popularity of the platform depends on the sentiments of the market participants, like mentions, posts, or any predictions for the coming time. Moreover, the negative sentiments also keep up the demand for the platform. The total weighted sentiments consider all the mentions, regardless of whether they are positive or negative, and compare them with their frequency over time. 

If the calculated levels are above the average levels, then it could be said that the market participants are extremely bullish on the price. However, the levels have remained below the average levels for a longer time, indicating the traders are bearish on the token price. Presently, a slight upswing in the levels is witnessed, which may keep up the bullish momentum for a longer time frame. 

Terra LUNA Classic Price Prediction for 2023

In 2022, the Terra Luna Classic Price experienced some of the worst days in crypto history. Although the chain was split up and divided into Terra Classic and Terra, both tokens failed to reclaim the lost popularity and demand, while the price remained far behind. However, the price now is trading within its own price range and is rising slowly yet steadily, intending to test upper highs in the coming days. 

The price is facing constant rejection at $0.0002 and may clear these levels by the end of the first quarter. Moving ahead, after securing the levels above the pivotal resistance, the price may kickstart a notable upswing and reach beyond $0.00025 by mid-Q2 and close the quarterly trade close to $0.0003. During the second half of 2023, the price is believed to resume rising towards the north and secure levels around $0.0004 by the end.

Additional Read: Terra Luna Price Prediction

Terra LUNA Classic Price Prediction for 2024

The bullish momentum could be carried on into 2024 after closing the 2023 trade on a bullish note. The upswing may quickly transform into a low-intensity bull run where the bears may not have any major dominance over the rally. Soon, the bulls could uplift the price beyond $0.0005 by the end of Q1 and maintain a notable upswing towards $0.0006, intending to mark highs beyond $0.00065 by the end of Q2.

The price here may experience minor bearish action and a small pullback. However, the price may resume with a fine upswing in the near future, leading to a significant rally to the north. The LUNC price may surge gigantically during H2 2024 and eliminate a zero in its value. By the end of the 2024 trading season, the Terra Luna Classic price may hover around $0.00105.

Terra LUNA Classic PRICE PREDICTION 2025-2030

The price may maintain its highs in the first few days of 2025, which may be followed by a massive drop. Because the bulls may have been depleted, the price could remain bearish through 2025 and 2026. However, the price may regain some strength during the last few weeks of 2026, which may ignite a notable recovery phase that may continue in 2027 too. Slowly, the markets may pick up during the second half of 2027 and, by the end, accumulate enough strength. The price may spark a fine upswing which may further form a bull run ahead in 2028 wherein the price may try to regain 

However, the accumulated strength may be put to use and raise the price levels to reach close to the lost levels before. The price may rise finely and could also slash another zero to head above $0.01 in 2029. Further, in 2030, the LUNC price is believed to rise, and secure levels around $0.2 to $0.45. 

Should you invest in Terra LUNA Classic in 2023? 

Terra ecosystem has been on an incremental way since the beginning of the year 2023. Although the previous year was extremely dreadful, the price is trying to set up a fine upswing ahead. Therefore, one can invest in Terra Luna Classic provided he/she has a deep knowledge about the project along with a fine observation of the price patterns.

FAQs