Terra (LUNA) Rises 4.43%, Outperforms the Crypto Market Tuesday

Tuesday, February 15, 2022 10:02 AM | InvestorsObserver Analysts

Terra (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the Digital Money has advanced 4.43% to $56.67.

InvestorsObserver is giving Terra a 39 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 39, placing it in the bottom 39% of cryptos on the market.

The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will. LUNA's moderate volatility reading comes 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 $52.4 and resistance around $55.3. This leaves 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.