Luna Coin (LUNA), Moderate Volatility and Falling Monday: Is it Time to Cash Out?

Monday, April 11, 2022 05:01 PM | InvestorsObserver Analysts

Luna Coin (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has fallen 7.47% to $0.004793669218.

InvestorsObserver is giving Luna Coin a 58 Volatility Rank. Find out what this means to you and get the rest of the rankings on Luna Coin!

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Moderately Volatile

InvestorsObserver gives Luna Coin a moderate volatility rank of 58, placing it in the top 42% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. LUNA's moderate volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Luna Coin price is in a favorable position going forward. With support set at $0.00379380711121136 and resistance near $0.00516615120460862. This positions Luna Coin with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.