As the bullish trend returns for many cryptocurrencies, Terra Classic (LUNC) seems to have only recently halted its decline from previous weeks and months, and machine learning and artificial intelligence (AI) algorithms are optimistic about its price by the end of this month.
Specifically, the advanced AI-powered machine-learning algorithms see the price of Terra Classic making a gentle upward movement, setting its price at $0.000107 on February 29, 2024, according to the most recent information retrieved by Finbold on February 2.
Terra Classic 1-month price prediction. Source: CoinCodex
Indeed, should these predictions, which the machine learning algorithm has calculated on the basis of Terra Classic’s historical price dataset and other indicators, become a reality, they would represent an increase of 13.83% to its price at press time.
LUNC 30-day price chart. Source: Finbold
At the same time, the 7-day technical analysis (TA) sentiment gauges deployed by the finance and crypto market analytics website TradingView are bearish about LUNC, their summary pointing at a ‘sell,’ based on moving averages (MA) suggesting a ‘sell’ at 6 and oscillators in the ‘sell’ position at 2.
LUNC 1-week sentiment gauges. Source: TradingView
All things considered, Terra Classic might have a chance at reaching the result forecast by the machine algorithms. However, things could easily go downhill in this industry, which is why doing one’s own research and weighing the risk tolerance is important.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
