Terraform Labs begins extensive testing for the launch of the LUNC/USTC swap pair as demand increases and LUNC price prediction is made on July 31st

Terraform Labs begins extensive testing for the launch of the LUNC/USTC swap pair as demand increases and LUNC price prediction is made on July 31st

Machine learning algorithm sets Terra Classic price for July 31, 2023

The momentum behind the launch of the LUNC/USTC swap pair is gaining momentum as Terraform Labs begins extensive testing to improve its functionality. Notably, Terraform Labs has confirmed the merger of the previously submitted Pull Request (PR), paving the way for the birth of the LUNC/USTC swap pair.

The expected upgrade is scheduled to be implemented in the coming week, accompanied by thorough end-to-end testing to ensure the smooth operation of each component. As the merger process progresses, the Terra Classic (LUNC) community can expect the long-awaited LUNC/USTC swaps to be available on TerraSwap in the near future.

Demand for this trading pair has increased in recent weeks, prompting Coinphony to delve deeper into the use of machine learning algorithms. The goal was to estimate the potential price of LUNC at the end of July based on the latest developments.

According to the analysis, Terra Classic is expected to decline to $0.000076 by July 31st. This prediction is based on several key technical indicators such as the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Bollinger Bands (BB), and more.

Over the past few years, the price of LUNC has seen a significant decline of -27%, indicating a bearish trend. Additionally, it was outperformed by 64% of the top 100 cryptocurrencies during this one-year period. Currently, LUNC is trading below its 200-day simple moving average, indicating a possible downtrend in its price action.

Despite these indicators, it is worth noting that LUNC recorded 15 days of positive price action in the last 30 days, accounting for 50% of the observed period. However, LUNC's recent performance has not been positive as the price fell by 5% intraday and another 8.6% over the week.

Currently, LUNC is facing support at $0.00007 and resistance at $0.00009.

It is important to note that the content of this website should not be considered investment advice. Investing is speculative and involves risks for the invested capital.

Sources:
– Terra Classic Price Analysis: Coinphony
– LUNC price prediction for July 31st: PricePredictions

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