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 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.
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.
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This news is republished from another source.