After weathering a recent market dip, Terra Classic (LUNC) is struggling to recover. Despite climbing back in the days following the decline, LUNC has dropped again and is currently trading at $0.0001205, showing a 2.66% decline in 24 hours and a 14.92% decline in 7 days.
With its price struggling, CoinCodex’s AI-powered algorithms foresee brighter days ahead, predicting a significant increase by the end of January.
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Harnessing data analysis and market indicators, these algorithms anticipate a jump in LUNC’s value, pushing it to $ 0.000142 by January 31. However, LUNC is expected to reach its peak price for the next 30 days on January 21, with CoinCodex predicting $ 0.000147.
However, this isn’t the end of the road for LUNC. CoinCodex sets the price range for 2024 between $ 0.000106 and $ 0.000227. Reaching the upper target will represent about an 88% surge from its current price.
A Potential Resurgence?
This optimism echoes crypto analyst Javon Marks’ (@JavonTM1) New Year post. In his analysis, Marks highlighted “continuing bullish signals” on lower timeframes, which he suggested signaled the early stages of a “massive, market-shaking move.”
His optimism was based on the recent breakout for LUNC, which saw the token climb over 1008% from its pre-breakout levels. Based on this momentum, the analyst envisions a potential rally towards $0.001553 and beyond, representing a staggering 10x increase from current prices.
Because the LUNC ecosystem’s recent proposal to burn 8 million USTC did not prompt a major surge, some may scoff at such a bold prediction. However, several factors can contribute to a resurgence.
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As crypto market analyst Derek (@kimmyboy2) pointed out on January 5, the MACD indicator’s DIF and DEA lines are undergoing compression, possibly indicating an internal recalibration that aligns with current market conditions.
The broader cryptocurrency market is also gradually recovering, providing a favorable backdrop for individual coins like LUNC. Ongoing token-burning initiatives can also help reduce LUNC’s supply, potentially increasing its value.
These combined factors paint a promising picture for LUNC in the coming weeks and months. While short-term price fluctuations are inevitable, the underlying trends suggest a sustained upward trajectory fueled by AI predictions, analyst insights, and persistent community support.
There’s also the upcoming Bitcoin halving event, which could send LUNC to astronomical heights. LUNC is on the brink of a massive move, and investors have to keep their eyes on it.
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