fxs_header_sponsor_anchor

Breaking: Terra's LUNA drops below $100

LUNA price remains in a downward spiral after peaking at nearly $120 on April 5. The Layer 1 token recently breached the psychological $100 support and appears to be targeting $94 or even $81.

LUNA daily chart

Given the amount of speculation around Terra's Bitcoin reserve fund, it is reasonable to believe that the $94-$81 demand zone could provide enough support to send LUNA price back up. Still, only a decisive daily candlestick close above $119.50 could result in a breakout to $157. 

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.