The LUNA Classic (LUNC) price has noted a fresh decline in the last 24 hours. In that time frame, the altcoin depreciated by 1%. In the past week, LUNC logged gains worth 2.5%. Much of the weekly gains have been lost due to losses on the daily chart.

At the moment, LUNC depicts consolidation beneath its immediate resistance mark. With the FTX collapse, LUNC has been teetering under a bearish influence for quite some time. Over the last month, the coin has lost more than 10% of its market value.

On the development front, there is a new update. This is the introduction of the new Alpha package for TerraDart. TerraDart is a Dart SDK that is used for writing applications that would be interacting with the Terra blockchain, which has launched a new package called Alpha. The Alpha package has been available to communicate with the LUNC blockchain within Flutter and Dart environments.

Related Reading: Yearn Finance: What The Final Quarter Of 2022 Has In Store For YFI Price

Luna Classic (LUNC) Price Analysis: One-Day Chart

Luna Classic
Luna Classic was priced at $0.00016 on the one-day chart | Source: LUNCUSD on TradingView

LUNC was exchanging hands at $0.000162 at press time. The altcoin just fell from $0.000170 due to intra-day losses. Even with developments in the ecosystem, the LUNC price remains largely unaltered. The rigid price ceiling was at $0.000175, but demand for the coin was too low for bulls to take charge. Once the altcoin topples above the $0.000175 mark, it will be an easy path to the psychological level of $0.00019.

On the flip side, with lesser accumulation, LUNC would…

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