Is Terra Classic (LUNC) Trending Lower or Higher Wednesday?

Wednesday, August 10, 2022 06:47 PM | InvestorsObserver Analysts

Terra Classic receives a weak short-term technical ranking of 23 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. LUNC has a superior recent technical analysis than 23% of coins based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Terra Classic a 23 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Terra Classic!

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Trading Analysis

Terra Classic is $0.000027 (37.76%) higher than its 30-day low price of $0.000071543 while also -$0.000017 (-14.58%) lower than its high of $0.00011539 from the past month of trading. Meanwhile, LUNC's current price of $0.000098557 is under its average price of $0.000100145 set over the past month of trading, leading to a weak short-term technical score. In summation, the recent trading history of Terra Classic suggest that traders are currently bearish on the coin. LUNC has a average market cap compared to the majority of coins with a total market value of $648,098,213.57. The market valuation for Terra Classic is relatively average due to the largest 100 cryptos having a market cap above $1 billion and LUNC sits underneath that mark but remains above $100 million in market capilization. Terra Classic's average volume is average as $605,462,167.62 worth of the coin is typically traded over a 24 hour period. The volume for LUNC is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the past 24 hours LUNC's volume is below its average with $65,099,464.55 exchanged. Terra Classic's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

LUNC's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on Terra Classic (LUNC).