Is TERA (TERA) Trending Lower or Higher Saturday?

Saturday, March 25, 2023 09:56 AM | InvestorsObserver Analysts

InvestorsObserver gives TERA a weak short-term technical score of 2 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. TERA has currently traded better than 2% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving TERA a 2 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on TERA!

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Trading Analysis

TERA is $0.000249 (223.10%) above its 30-day low of $0.000111652 while -$0.077317 (-99.54%) below its 30-day high of $0.07767756. In addition, TERA's current price of $0.000360749 is under its 30-day moving average price of $0.011960749, leading to a weak short-term technical score. Overall the recent trading history of TERA suggest that investors are bearish on the coin at the moment. TERA has a relatively low market cap for a coin with a total market value of $304,728.65. TERA's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. TERA's average volume meanwhile is low with $628.32 worth of the coin traded over a typical 24 hour period. TERA's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, TERA's volume is below its average with $92.64 exchanged.

Summary

TERA's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the coin's short-term movement. Click Here to get the full Report on TERA (TERA).