Skip to content

AI predicts Terra Classic price for May 1, 2024

AI predicts Terra Classic price for May 1, 2024

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.

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.

On the other hand, despite the latest surge in price, Terra Classic’s price remains substantially below its 2024 prices and nearly 25% in the red in the last 30 days of trading.

With the hopes and concerns in mind, Finbold decided to consult the predictive artificial intelligence (AI) algorithms of a platform specializing in forecasting future prices – PricePredictions – on where the LUNC price may find itself at the start of May.

AI forecasts LUNC’s May first fortunes

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.

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 priced at $0.0001105.

LUNC price forecast with May 1 prediction marked. Source: PricePredictions

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.

The doubts are corroborated by technical analysis (TA) retrieved from TradingView 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.

LUNC technicals based on the weekly chart. Source: TradingView

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!’

LUNC prince chart

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.

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.

LUNC 30-day price chart. Source: CoinMarketCap

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.

LUNC price today stands at $0.000110.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in 70+ cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Read Next:

Weekly Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts