Terra Classic Price Prediction: Despite Market Doldrums LUNC Aims For $0.0002 By End of February

Terra Classic (LUNC) price is mirroring the general bearish sentiment in the crypto market in February as it did the bullish thesis in October, November, and December. From the recent peak of $0.0002, LUNC is down to $0.0001. The sharp fall can be attributed to profit-taking with consideration for the larger market, which has since the ETF approval in January been on a downward trend.

Terra Classic (LUNC) began 2024 with its price moving horizontally, initially showing no significant gains or losses. This neutral trend was short-lived as the market’s volatility intensified. LUNC experienced a sharp decline, breaking its support level and suffering a loss exceeding 20%. This downturn led to a period of restricted price movement.

Despite several attempts to break through, LUNC’s price could not sustain upward momentum. This resulted in a further decline in its value. The cryptocurrency then oscillated between $0.00008950 and $0.0001024 for approximately two weeks. This phase was marked by uncertainty and cautious trading.

Terra Classic (LUNC) Price Prediction: Bullish Surge Amidst Market Fluctuations

However, the narrative changed recently when bullish traders regained control. They successfully pushed the price beyond the $0.0001024 resistance. This breakout indicates a resurgence in bullish sentiment. LUNC’s market presence has been particularly strong, leading to a notable shift in the broader cryptocurrency landscape.

The digital asset found crucial support at the $0.00009 level. This support facilitated a bullish double-bottom pattern, overcoming the resistance at $0.0001. Currently, Terra Classic price stands at $0.0001065, reflecting a slight dip of 2.41% in the last 24 hours.

Over the past week, despite minor bearish pressures, LUNC showcased an impressive rally, growing over 7%. This trend suggests a bullish inclination amid market fluctuations. The 24-hour trading volume has diminished by over 69%, with a value of around $60 million. Terra Classic ranks 97th on CoinMarketCap, with a live market cap of $613,887,567 and a circulating supply of 5,780,053,468,549 LUNC coins.

Terra Classic recent performance can be partially attributed to external factors, such as Binance’s decision to burn many LUNC tokens. This move was key in pushing the price past the crucial $0.000103 level. It indicated a potential for a stronger recovery, driven by increasing buyer interest. This was further evidenced by a dramatic surge in trading volume following the price breakout.

Technical Indicators: Navigating LUNC Future Trajectory

If the market continues to push LUNC’s price upwards beyond $0.00015, the bullish trend will likely regain strength. This could lead to the testing of higher resistance levels at $0.00019 and potentially $0.0002. On the flip side, if bearish forces take over, the price might retract to test the support level at $0.0001. A continued bearish dominance could lead to a further decline towards the lower support level of $0.00009.

The technical indicators present a mixed outlook. The Moving Average Convergence Divergence (MACD) suggests a bearish trend, with both the MACD and signal lines below the zero mark. The Relative Strength Index (RSI) on the daily chart hovers below the 50 level, indicating a neutral trend. Additionally, the Chaikin Money Flow (CMF) highlights the current bearish sentiment in the market. Despite these indicators, there is a cautiously optimistic outlook for the near term.

Trending
Price Analysis

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.