Terra (LUNA) Falls 0.01%, Underperforms the Crypto Market Wednesday

Wednesday, October 05, 2022 08:59 AM | InvestorsObserver Analysts

Terra (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has declined 1.04% to $2.53.

InvestorsObserver is giving Terra a 73 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 73, placing it in the top 27% of cryptos on the market.

The Volatility Gauge takes into account 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 well positioned going forward. With support near $2.38 and resistance set at $2.68. 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.