Terra (LUNA), Moderate Volatility and Rising Friday: Is it Time to Cash Out?

Friday, December 31, 2021 11:35 AM | InvestorsObserver Analysts

Terra (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Friday, the Digital Money has increased 4.28% to $89.23.

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 takes into account meaning that one day won't make or break its rank. 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 trading above resistance. With support set at $81.85 and resistance at $88.53. This positions Terra out of range and potentially in a volatile position if the rally burns out.

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.