2024

Terra Classic

Terra

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 <p class="paragraph">Having benefited from a recently passed block size proposal and a jump in volume, Terra Classic (LUNC) has been trading relatively high in the last 48 hours or so – especially compared to its broader 30-day performance.</p>
 <p class="paragraph">Still, the token is far from out of the woods. On the one hand, LUNChas been trading with substantial volatility in the last 24 hours and, at the time of publication, appears poised to solidify a renewed decline.</p>
 <p class="paragraph">On the other hand, despite the latest surge in <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, Terra Classic’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> remains substantially below its 2024 <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s and nearly 25% in the red in the last 30 days of trading.</p>
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 <p class="paragraph">With the hopes and concerns in mind, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in forecasting future <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s – <em>PricePredictions</em> – on where the LUNC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> may find itself at the start of May.</p>
 <h2 class="wp-block-heading" id="h-ai-forecasts-lunc-s-may-first-fortunes">AI forecasts LUNC’s May first fortunes</h2>
 <p class="paragraph">According to the AI algorithms of PricePredictions, Terra Classic is likely to decisively end its 30-day downtrend but, simultaneously, it is unlikely to turn the recent rally into a more significant bull run.</p>
 <p class="paragraph">Indeed, the platform forecasts that on May 1, LUNC will trade at $0.000110, meaning the cryptocurrency is expected to essentially make no significant moves in the coming days given that, at press time, it is <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>d at $0.0001105.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="367" src="https://cdn.thebittimes.com/images/2024/04/22/9447051e8535755923b0feba2b1e2cab.webp" alt class="wp-image-170728" srcset="https://cdn.thebittimes.com/images/2024/04/22/9447051e8535755923b0feba2b1e2cab.webp 1024w, https://cdn.thebittimes.com/images/2024/04/22/9447051e8535755923b0feba2b1e2cab.webp 300w, https://cdn.thebittimes.com/images/2024/04/22/9447051e8535755923b0feba2b1e2cab.webp 768w, https://cdn.thebittimes.com/images/2024/04/22/9447051e8535755923b0feba2b1e2cab.webp 1222w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   LUNC price forecast with May 1 prediction marked. Source: PricePredictions
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 </figure>
 <p class="paragraph">Still, given LUNC’s performance in recent weeks, the fact it offered only 13 green days out of the last 30, and that it is trading below its 200-day simple moving average, such prolonged stability appears unlikely.</p>
 <p class="paragraph">The doubts are corroborated by technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) retrieved from <em>TradingView </em>on April 22, which almost universally rates Terra Classic as a sell across both oscillators and moving averages – though it is noteworthy that oscillators do flip to ‘buy” without affecting the overall ‘sell’ rating when based on the daily chart.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/sBHLS_pGS9V3XhjrOMfddrwduwpsGM1VK_YjHkJEdk95cETF8WkgPeqYR0VdieVaH3GjruZu-Z_T22QA3B1ylcIRRyuhZWCWKZFQk0JXqSHeqJta6jpbLcWxzRRSJh1bz4Gm7f9UDt-vZxO666oWb2w" alt>
  <figcaption class="wp-element-caption">
   LUNC technicals based on the weekly chart. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">On the other hand, not everyone is bearish and some – including the prominent crypto expert known on X as Javon Marks – estimated that LUNC might soon surge 171% as it is showing ‘signs of MAJOR STRENGTH.’ The analyst also added that the rally ‘could be just beginning!’</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">$LUNC (Terra Classic) starting to recover with signs of MAJOR STRENGTH here and could be just beginning! https://t.co/96RXSCKpzf pic.twitter.com/7dZizZIrsf</p>— JAVON️MARKS (@JavonTM1) April 20, 2024
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 </figure>
 <h2 class="wp-block-heading" id="h-lunc-prince-chart">LUNC prince chart</h2>
 <p class="paragraph">Whether the crypto market brings strength, weakness, or stability to LUNC in the coming weeks, the token’s performance has been anything but certain in recent weeks and months. Indeed, despite multiple rallies, and significant volatility, Terra Classic is a total of 1.83% in the green in the last 52 weeks.</p>
 <p class="paragraph">In stark contrast, the last 30 days have been bloody as LUNC lost 24.68% of its value in the time frame with the decline occurring in mid-April.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/gaPgcwWQXvly4xaRZ0GVy86d8Sn0-6zvD8Yko2BsUXstZR7gjumyeGA9iieh1yM4lyMQ1eqbOqmGkEIekwiSOLd09F59MteD2d4PzOJvAJMZW2bGnT9s4c7l91NG8_O9JxzKk2WTy637OukESxYmuNE" alt>
  <figcaption class="wp-element-caption">
   LUNC 30-day price chart. Source: CoinMarketCap
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 </figure>
 <p class="paragraph">More recent performance is also mixed as while the cryptocurrency did climb 3% in the last 7 days of trading, the last 24 hours cast doubt on its long-term prospects as Terra Classic is 0.46% in the red on the daily chart.</p>
 <p class="paragraph">LUNC <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> today stands at $0.000110.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-predicts-terra-classic-price-for-may-1-2024-tbt85988.html">https://thebittimes.com/ai-predicts-terra-classic-price-for-may-1-2024-tbt85988.html</a></p>

AI predicts Terra Classic price for May 1, 2024

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