Terra Classic (LUNC) Falls 0.11%, Underperforms the Crypto Market Tuesday

Tuesday, September 27, 2022 12:12 PM | InvestorsObserver Analysts

Terra Classic (LUNC) has been relatively more volatile when compared to other cryptocurrencies. So far Tuesday, the Digital Money has fallen 11.42% to $0.0002774093983.

InvestorsObserver is giving Terra Classic a 76 Volatility Rank. Find out what this means to you and get the rest of the rankings on Terra Classic!

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Highly Volatile

InvestorsObserver gives Terra Classic a high volatility rank of 76, placing it in the top 24% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LUNC's high volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Terra Classic price is well positioned going forward. With support near $0.000178615372023776 and resistance set at $0.000323262238852911. This positions Terra Classic 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.