Terra (LUNA) Down 0.02% Wednesday: What's Next?

Wednesday, January 26, 2022 07:33 AM | InvestorsObserver Analysts

Terra (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has lost 1.91% to $63.82.

InvestorsObserver is giving Terra a 39 Volatility Rank. Find out what this means to you and get the rest of the rankings on Terra!

See Full Report

Moderately Volatile

InvestorsObserver gives Terra a moderate volatility rank of 39, placing it in the bottom 39% 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. LUNA's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Terra price is in a good position going forward. With support set at $60.85 and resistance set at $65.57. This positions Terra 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.