Terra Luna Classic Price Prediction: 2024, 2025, 2030

LUNC price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly chart, the lowest price floor for LUNC was $0.00005.
• Subsequently, the highest possible resistance can likely be around $0.00033.

2. Market sentiment

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

3. Predictive forecasts

• Our AI/ML predictive models have forecasted that LUNC can touch an average value of $0.016 by 2030 and $0.14 by 2033.

Gain expert insights on LUNC via a comprehensive weekly technical analysis, 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: Is a bullish comeback possible?

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.

The period began with LUNC experiencing a significant downturn, falling below the $0.00009 level, signaling a bearish trend in the market. The bulls briefly surged past this level in June but fell face-on to $0.00007 simultaneously. Following this, the token repeatedly tested the $0.00009 level. This led to LUNC facing rejection by mid-July, causing it to fall back to $0.00007 again by the end of the month.

The bearish sentiment persisted into mid-August, with LUNC touching its lowest support level for the year at $0.00005. This level acted as a temporary floor, with the market showing signs of stabilization. However, attempts by the bulls to initiate a recovery were short-lived, and by early October, LUNC had revisited this low point.

As October progressed, a significant change in market dynamics was observed. The bulls managed to regroup and drive a strong northward push, elevating LUNC to the peak resistance level of $0.00020 by late November. This rally was met with resistance. By mid-December, bearish pressures resumed, pulling LUNC down to $0.00013 by the end of the year.

January saw LUNC decline further to the $0.00009 level. Nevertheless, late January marked a turning point with another bullish surge, allowing LUNC to challenge and momentarily revisit the $0.00020 resistance level by the end of February.

Despite this rally, March witnessed the return of corrective forces. 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. This crucial factor was reflected in the price movements of the token as the downtick strengthened.
 

As a result, by early April, a significant downturn had taken the price down past the $0.00007 mark once again. However, a recovery followed this downtrend and helped lift the price slightly. At the time of writing in May,  LUNC exchanged hands at $0.00010.
 

The token’s current market sentiments hint toward the presence of bears in the market. According to CoinMarketCap, LUNC witnessed a 1.61% depreciation in price over the past week. 
 

The Terra Classic Wallet was recently upgraded to its v0.0.22 version, enabling improved functionality and user-friendliness. The Terra Luna Classic community has been participating in a voting mechanism to appoint Allnodes as an official entity to oversee the endpoint for supply circulation.
 

If the bulls manage to regroup and push forth with resilience, LUNC’s value may spike to retouch the highest resistance level at $0.00020 within the next few weeks. If this is followed by a sustained bullish rally, it 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.
 

Nevertheless, if the bears persist and take hold of the token’s trajectory, LUNC may fall below its current support at $0.00009 to touch $0.00007 in the upcoming weeks. A sustained bearish momentum may also lead to LUNC falling to its price floor at $0.00005 within a few months.
 

Amidst all uncertainties, the long-term trajectory for LUNC remains positive. Our AI/ML predictive models have forecasted that the altcoin can touch an average value of $0.016 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 $0.14 by 2033.

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

• The trading volume stayed low throughout the year, but a significant recovery in volume was observed as the price approached its peak resistance level for the first time. This was followed by a subsequent decline in volume. 
• 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.
• 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 thereafter, it consistently stayed well below the 50 mark and re-entered the oversold territory by early August. The indicator recovered decisively in mid-October, breaching the neutral line by mid-November. 
• 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 early 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 45.09 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, surpassing the zero line. At press time, the CMF stood at -0.04. It indicated that the money was slightly flowing out of the asset.