- LUNA price plummets to $0.01.
- Terra Luna's price shows no signs of recovery.
- Traders should consider LUNA as a no-trade asset until further notice.
LUNA price is one of the largest crashes in Crypto history. Unpredictable price action is likely to continue.
LUNA price is a big question mark
Luna price has fallen to an astronomical $0.01 from a weekly open of $64. At this point, looking at the size of the bearish candle, it is hard to predict any price action. It is hard to predict any price action following this unprecedented meltdown.
Terra Luna creators will likely need to spend considerable time on public relations, press, and responding to investors. Do Kwon, CEO of Terraform Labs, has recently been addressing the company’s failure assuring investors that he will help the community “build its way out” of the disastrous crypto bankruptcy.
LUNA/1-Week Chart
Investing in the current LUNA price is purely a speculative gamble as there is no way to forecast a probable move in either direction using technical analysis. Thus, it is probably best to avoid the LUNA price action and let things blow over. As more chart evidence is displayed in a few weeks, there may be a possibility to forecast the next move. For now, LUNA price should be viewed as a no-trade digital asset until further notice.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gears up for volatility while ETH and XRP fight to stay afloat
Bitcoin price has been consolidating between $94,000 and $100,000 since early February; this consolidation phase could soon end. Ethereum (ETH) price shows signs of strength while Ripple (XRP) price fights to stay afloat.
Crypto Today: BTC tops $98K on US-Russia diplomacy, while NEAR and Bittensor lead AI tokens’ $30B rally
Bitcoin price climbed 3% on Wednesday, crossing the $98,700 mark for the first time this week. The global crypto market rose 3% on Thursday, adding $45 billion to reach an aggregate market cap of $3.2 trillion.
Bitcoin underperforms as Gold, S&P 500 reach record high
Bitcoin (BTC) traded above $98,000 on Thursday, continuing its range-bound movement while traditional assets, including Gold and the S&P 500, set new highs.
Litecoin Price Forecast: $500M Whale demand could revive LTC rally as Franklin Templeton triggers sell-off
Litecoin price hit $121 on Thursday, retracting 5% from the 30-day peak of $130 recorded in the aftermath of the US SEC’s confirmation of Bitwise’s LTC ETF filing on Wednesday.
Bitcoin: BTC consolidates before a big move
Bitcoin price has been consolidating between $94,000 and $100,000 for the last ten days. US Bitcoin spot ETF data recorded a total net outflow of $650.80 million until Thursday.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.