fxs_header_sponsor_anchor

Breaking: Terra’s LUNA 2.0 price crashes by 20%

Terra's LUNA 2.0 price has dropped by more than 20% over the past twelve hours. The Layer 1 token went from trading at a high of $4.50 to hitting a low of $3.30 recently.

Based on the Fibonacci retracement indicator, LUNA 2.0 price could dip lower toward $1.20 if it prints a sustained four-hour candlestick close below the $3.30 support level. 

LUNA 4-hour chart

How to trade Terra's LUNA 2.0 price before the next bullish setup

A brief technical and on-chain analysis of Terra's LUNA 2.0 price. Here, FXStreet’s analysts evaluate where LUNA could be heading next.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.