Technical Analysis Terra (LUNA) | A Good Long Term Investment?

Based on InvestorsObserver’s research and on historical trading patterns, Terra earned a strong long-term technical score of 96. To determine if a coin is a strong buy and hold investment opportunity, their proprietary scoring system looks at price movement from recent months to a year, analysis of the coin’s support and resistance levels, and where it is compared to long-term averages.

LUNA currently holds a superior long-term technical analysis score than 96% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. coins with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to ‘buy the dip’.

Trading Analysis

The current trading price of $97.090000000 for LUNA is $48.1900000 (98.53%) above the coins 100-day moving average of $48.910000000.LUNA meanwhile is $96.5800000 (16693.97%) above its 52-week low of $0.520000000 and -$4.18000000 (86.00%) under its 52-week high price of $101.270000000. Terra’s current price relative to the coins long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 96. The price movement and range of LUNA suggest that investors are neutral on the coin at this time.

Terra has a market capitalization of $35,387,395,004.71 and a relatively high average daily volume with $24,305,633,352.79 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, LUNA’s volume is below its seven day average with 2,607,203,193.33 exchanged.

This coin’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

Technical analysis of Terra over the past year results in the crypto receiving a strong long-term technical score of 96 as its price movement in that time has given traders reason to be neutral on the coin in the long-term.