LUNC Price Prediction April 26

LUNC is showing some positive movements in its price today, continuing from yesterday’s gains of 0.54%. However, the token has remained in the red zone in the past seven days, with a price change of -5.53%.

LUNC started 2023 at $0.0001451. There are no improvements in its value considering the current price of $0.00011459. Several other tokens also met the same fate as their prices plunged significantly since the start of the year.

Past And Present Trend Of LUNC

After launching into 2023 at $0.0001451, LUNC recorded an uptrend to hit the $0.00015 price mark on the same day. It maintained a price range between $0.00014 and $0.00016 over the next 8 days. 

On January 9, the token reached the $0.00018 price level but failed to sustain its achievement, as it later ended the day at $0.0001692.

LUNC continued to hover around these levels for a few days until it reached a price of just over $0.00019 on January 14. There was no notable growth in its price over the next 2 weeks following this progress.

 However, on February 3, the bulls slightly took over the market, bringing its price to $0.0002097 for the first in the year, which became its current year’s high.

LUNC lost that figure to the bears after the next day and has remained under the $0.0002 price mark since then. At the time of writing, the LUNC token trades at $0.00011459.

LUNC Price Prediction Based On Technical Indicators

LUNC has formed a third consecutive green candle on the price chart today, confirming the bullish pressure in the market. Its price action in April 2023 was bearish for most days. LUNC has dropped below its 50-day and 200-day Simple Moving Averages (SMA), a bearish signal for the short and long term.

Also, the 50-day SMA has remained below the 200-day SMA in recent weeks expressing a bearish sentiment. LUNC Relative Strength Index (RSI) is 41.33, close to the oversold region of 30. However, the indicator is moving upwards and reflecting the bullish pressure in the market today. 

Also, the $0.00010607 support can be a pivot point for further price increases if the bulls sustain their charge. The resistance levels are $0.00013187 and $0.00021074. LUNC will likely trade above its 50-day SMA ($0.00012386) in the coming days.

Long And Short-Term LUNC Price Prediction By Experts

Several crypto experts have revealed their thoughts on the possible price of LUNC in the long and short term using fundamental and technical analysis. Here’s what their predictions look like:

LUNC Price Prediction By DigitalCoinPrice

According to DigitalCoinPrice, technical and fundamental analyses, the maximum price of LUNC in the remaining months of 2023 will be $0.000250. Based on its technical indicators, DigitalCoinPrice believes LUNC will decline to as low as $0.000101, with an average price of $0.000204.

Throughout next year (2024), LUNC will be trading between the $0.000244 and $0.000292 price range. The anticipated average price in the year will be $0.000285.

LUNC Price Prediction By CoinPedia

Predictions from CoinPedia reveal that the LUNC token will reach a maximum price of $0.000675 before the end of 2025. By 2030, the expert forecast Terra LUNC price to reach the year’s high of $0.000212.

Binance LUNC Price Prediction

Based on the LUNC price prediction by Binance, the token will maintain continuous but gradual price growth over the next 7 years. 

In 2026, Binance expects the LUNC price to be around $0.0001274, according to its technical analysis and indicators. In 2030, its highest price will be around $0.0001548.

Factors Affecting The Price Of LUNC

Many factors can control how digital currency prices move and fluctuate, including the LUNC token. On that note, here are some major factors influencing the price of LUNC.

Market Sentiment

The current market sentiment towards cryptocurrencies is a significant factor affecting the price of LUNC. As the wider market fluctuates, so does the price of LUNC. If the market sentiments turn negative, LUNC may suffer a price decrease and vice versa for a positive-trending market.

Supply and Demand

Like all digital assets, the price of LUNC is also influenced by supply and demand. The price will increase if there is high demand for LUNC and a limited supply of tokens available. Conversely, if the supply of LUNC outweighs demand, the price will decrease.

Development Updates

The development and progress of LUNC is another major factor affecting the token’s price. Investors pay close attention to project development updates, such as new partnerships or updates to the underlying technology. Positive news can increase demand for LUNC, while negative news can lead to a decrease in demand.

LUNC Recent Development

With its expanding adoption and partnerships with other blockchain projects, the Terra Blockchain has attracted attention in the crypto ecosystem.

Terra Classic Projects Passed Proposal To Burn Millions Of LUNC

The Terra Luna Classic community approved a crucial change proposal to welcome another project to the network. In addition to expanding this new project, the idea will make it possible for other projects to expand on the Terra Luna Classic blockchain.

The Cosmos Wasm MaxContractSize is increased to 819200 from 614400 by TerraPoker’s proposal 11477, “Increase MaxContractSize to upload code.” As a result, the protocol can upload its contract to the chain and support the LUNC burn campaign.

In a tweet on April 24, TerraPoker thanked the community for supporting the project’s launch on the Terra Classic chain. The project claims to burn 10% of the rake money collected. In addition to allowing Terra Poker to join the Terra Classic ecosystem, the change in contract size will also welcome new protocols and let developers create more effective solutions.