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Should You Buy Terra Classic (LUNC) Monday?

Monday, March 04, 2024 03:43 PM | InvestorsObserver Analysts
Should You Buy Terra Classic (LUNC) Monday?

Terra Classic receives a strong short-term technical score of 82 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. LUNC holds a better recent technical analysis than 82% 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.

Short-Term Technical - 82
InvestorsObserver is giving Terra Classic a 82 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Terra Classic!

Trading Analysis

Terra Classic is $0.000092 (97.86%) above its 30-day low of $0.000093738 while -$0.000021 (-10.19%) below its 30-day high of $0.00020650. In addition, LUNC's current price of $0.000185468 is above its 30-day moving average price of $0.000125373, leading to a strong short-term technical score. Overall the recent trading history of Terra Classic suggest that investors are bullish on the coin at the moment.
LUNC has a relatively high market cap for a coin with a total market value of $1,075,573,291.74. Terra Classic's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and LUNC meets that criteria. Terra Classic's average volume meanwhile is high with $1,759,971,618.34 worth of the coin traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, LUNC's volume is below its average with $273,984,529.01 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

Terra Classic's trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the coin in the near future. Click Here to get the full Report on Terra Classic (LUNC).

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