What do the Short-Term Technicals Predict for Wrapped LUNA Classic (WLUNC) Wednesday?

Wednesday, September 21, 2022 06:46 AM | InvestorsObserver Analysts

InvestorsObserver gives Wrapped LUNA Classic a strong short-term technical score of 89 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. WLUNC has currently traded better than 89% of tokens 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 Wrapped LUNA Classic a 89 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Wrapped LUNA Classic!

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Trading Analysis

Wrapped LUNA Classic is $0.000214 (253.49%) above its 30-day low of $0.000084495 while -$0.000331 (-52.53%) below its 30-day high of $0.00062919. In addition, WLUNC's current price of $0.000298678 is above its 30-day moving average price of $0.000267658, leading to a strong short-term technical score. Overall the recent trading history of Wrapped LUNA Classic suggest that investors are bullish on the token at the moment. WLUNC has a relatively low market cap for a token with a total market value of $0.00. Wrapped LUNA Classic's relatively low market value comes as it sits under $100 million while the top 100 cryptos remain above $1 billion in market cap and the top 500 sit above $100 million. Wrapped LUNA Classic's average volume meanwhile is low with $8,312,407.92 worth of the token traded over a typical 24 hour period. WLUNC's volume is relatively low as the most traded 100 cryptos typically have $100 million exchanged each day and smaller cryptos tend to sit under $5 million traded over 24 hours. As of the past 24 hours, WLUNC's volume is below its average with $835,486.54 exchanged.

Summary

Wrapped LUNA Classic's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Wrapped LUNA Classic (WLUNC).