Should You Sell Terra Classic (LUNC) Sunday?

Sunday, September 25, 2022 12:03 PM | InvestorsObserver Analysts

Terra Classic receives an average long-term technical score of 49 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the coin's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. LUNC currently holds a superior long-term technical analysis score than 49% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Terra Classic a 49 Long-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

LUNC is currently $0.0000745 (48.29%) above its 100-day moving average price of $0.000154308 with its current price of $0.000228821. Meanwhile, Terra Classic is $0.0002121 (-65653997.55%) above its 52-week low price of $0.000016754 and -$119.18439490 (-8.39%) below its 52-week high of $119.184623718. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 49. Trends for the long-term trading history of Terra Classic suggest that traders are currently bearish on the coin. Terra Classic currently has a total market cap of $1,407,497,368.15 to go along with its average daily volume of $3,425,144,347.77 worth of the currency over the past seven days. LUNC's volume is below its seven day average as of the past 24 hours, with 444,094,460.69 exchanged in that period. This coin'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

Technical analysis of Terra Classic over the past year results in the crypto receiving a an average long-term technical score of 49 as its price movement in that time has given traders reason to be bearish on the coin in the long-term. Click Here to get the full Report on Terra Classic (LUNC).