Is Terra (LUNA) Trending Lower or Higher Friday?

Friday, May 20, 2022 02:43 PM | InvestorsObserver Analysts

Terra receives a weak short-term technical score of 1 from InvestorsObserver analysis. Our proprietary scoring system considers the recent trading patterns of the coin by looking at the price movement to determine if it is trending in the right direction. LUNA holds a better recent technical analysis than 1% of coins at its current price. Investors who are focused on short-term growth and looking for hot and trendy coins will find the Short-Term Rank especially relevant when allocating their assets.

InvestorsObserver is giving Terra a 1 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Terra!

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Trading Analysis

Terra is $0.000113 (672.24%) above its 30-day low of $0.000016754 while -$99.244850 (-100.00%) below its 30-day high of $99.24497986. In addition, LUNA's current price of $0.000129383 is under its 30-day moving average price of $56.791584471, leading to a weak short-term technical score. Overall the recent trading history of Terra suggest that investors are bearish on the coin at the moment. Terra's market cap of $845,428,230.31 is relatively average for a coin. The market valuation for Terra is relatively average due to the largest 100 cryptos having a market cap above $1 billion and LUNA sits underneath that mark but remains above $100 million in market capilization. Meanwhile, LUNA's average volume is average with $7,166,817,992,579.14 worth of the coin traded over an average 24 hour period. The volume for LUNA 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 last 24 hours, LUNA's volume is below its usual with $360,621,099.02 exchanged. Terra'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

LUNA'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 (LUNA).