Terra (LUNA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Saturday, the crypto has increased 0.5% to $6.44.
InvestorsObserver is giving Terra a 62 Volatility Rank. Find out what this means to you and get the rest of the rankings on Terra!
Moderately Volatile
InvestorsObserver gives Terra a moderate volatility rank of 62, placing it in the top 38% 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 paired 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 favorable position going forward. With support at $6.05 and resistance around $6.94. This positions Terra with room to run before facing selling pressures.