Terra (LUNA) Down 0.04% Wednesday: What's Next?

Wednesday, January 05, 2022 12:21 PM | InvestorsObserver Analysts

Terra (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Digital Money has declined 3.67% to $83.73.

InvestorsObserver is giving Terra a 27 Volatility Rank. Find out what this means to you and get the rest of the rankings on Terra!

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Moderately Volatile

InvestorsObserver gives Terra a moderate volatility rank of 27, placing it in the bottom 27% 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 pairs 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 favorably positioned going forward. With support near $80.41 and resistance set at $85.28. This leaves 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.