Robot AI Say About Terra Classic (LUNC) Price Prediction on February 28, 2023

 

Since the beginning of the year 2023, Terra Classic (LUNC), which is the initial chain of the Terra (LUNA) ecosystem that has gone defunct, has witnessed substantial progress in tandem with the entire crypto market.

The LUNC community, together with support from the crypto industry, took steps to maintain investor interest in Terra Classic after the drop. 

Recently, Artificial Intelligence has been in the limelight with tools like OpenAI's ChatGPT. As a result, investors are now utilizing deep learning algorithms to try and determine the direction of cryptocurrency pricing.

At PricePredictions, the machine learning algorithm forecasts that Terra LUNC will drop to an estimated $0.000172 by February 28th, which is a minor dip from its present market value at the time of writing.

In order to make their forecasts, Artificial Intelligence often relies on certain technical indicators such as Bollinger Bands, Moving Averages, Moving Average Convergence Divergence, Relative Strength Index and other similar indicators.

Examining LUNC from a Technical Perspective

The results of the technical analysis of LUNC on TradingView show mixed signals. The overall sentiment is to buy at 11 as indicated in the summary, while moving averages recommend buying at 9. Stochastic oscillators are giving a neutral signal with 8.

The recent value of LUNC currently stands at $0.0001731, showing a 2.58% increase in the past 24 hours, and a 0.90% gain on the week. The total market cap for the asset is slightly over $1 billion. Support for Terra Classic has been noted at around $0.00016, while the first resistance zone is located at $0.00019.

A daring proposal to try to revive the USTC project might generate greater enthusiasm for the LUNC token in the next few weeks. This plan could be a major driver of the token's price.

It's crucial to observe this plan since, if it succeeds, it could be the spark that leads to a spike in the price and the termination of the existing trading range. When the price of $0.00019 is reached, it will be a crucial examination of this rally's possibility. [pc]

source: finbold