Terra (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has declined 3.67% to $83.73.
InvestorsObserver is giving Terra a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Terra!
Moderately Volatile
InvestorsObserver gives Terra a moderate volatility rank of 27, placing it in the bottom 27% of cryptos on the market.The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LUNA's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.
Terra price is favorably positioned going forward. With support near $80.41 and resistance set at $85.28. This leaves Terra with room to run before facing selling pressures.