Terra (LUNA) Up 15.03% Tuesday: What's Next?

Tuesday, December 21, 2021 09:34 AM | InvestorsObserver Analysts

Terra (LUNA) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the Digital Money has advanced 15.03% to $84.14.

InvestorsObserver is giving Terra a 24 Volatility Rank. Find out what this means to you and get the rest of the rankings on Terra!

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Low Volatility

InvestorsObserver gives Terra a low volatility rank of 24, placing it in the bottom 24% of cryptos on the market.

The Volatility Gauge follows this makes its score defined by recent trends, rather than a bad day. LUNA's low volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively narrow price swings and is well protected from price manipulation.

Terra price is trading above resistance. With support set at $69.44 and resistance near $79.71. 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.