Terra (LUNA) What Does the Chart Say Friday?

Friday, December 03, 2021 06:20 AM | InvestorsObserver Analysts

InvestorsObserver gives Terra a strong short-term technical score of 97 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. LUNA has currently traded better than 97% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Terra a 97 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Terra!

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Trading Analysis

Terra is $30.04 (79.21%) higher than its 30-day low price of $37.92 while also -$1.78 (-2.55%) lower than its high of $69.74 from the past month of trading. Meanwhile, LUNA's current price of $67.96 is above than its average price of $48.43 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Terra suggest that traders are currently bullish on the coin. LUNA has a relatively high market cap for a coin with a total market value of $26,313,839,021.20. Terra's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and LUNA meets that criteria. Terra's average volume meanwhile is high with $17,880,211,665.22 worth of the coin traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, LUNA's volume is below its average with $2,342,278,304.94 exchanged. Terra's subclass Digital Money: Digital Money is an asset, commodity, or currency intended to maintain value and liquidity over time so that it may be used the same way fiat currencies are used.

Summary

LUNA's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the coin in the short-term. Click Here to get the full Report on Terra (LUNA).