Terra Classic (LUNC) has faced significant turbulence in recent months, currently stuck in a downtrend despite a modest 12% year-on-year price increase.
Worryingly, LUNC underperforms 81% of the top 100 cryptocurrencies and trades below the digital asset’s 200-day moving average.
Regulatory hurdles and legal battles surrounding Do Kwon cloud LUNC’s short-term outlook.
Terra Classic 1-month price prediction. Source: CoinCodex
Terra Classic price analysis
At the press time, the price of LUNC sits at $0.000135. Over the past day, it has experienced a decline of -2.01%, continuing a downward trend. This daily decrease adds to a larger decline of -3.61% over the past week, indicating sustained negative momentum.
Looking at the broader picture, Terra Classic has endured a significant decrease of -30.43% over the previous month, reflecting substantial volatility and bearish sentiment in the market.
LUNC 30-days price chart. Source: CoinCodex
The immediate future for LUNC is shrouded in some uncertainty. While AI predictions offer a cautiously optimistic short-term outlook with a potential price rise by the end of April, recent events like Do Kwon’s release from jail have caused price dips.
Despite this volatility, some experts remain bullish on LUNC’s long-term prospects, citing the ongoing development within the Terra Classic ecosystem. Only time will tell if LUNC can overcome its current hurdles and navigate this period of flux.
