Terra’s LUNA 2.0 price has dipped below $5, crashing by greater than 60% over the previous week. The Layer 1 token reached a low of $4.50 and it’s hovering round $4.80 on the time of writing. Additional promoting strain may ship LUNA 2.0 price to retest Could 28’s low at $3.50.
LUNA 2.0 hourly chart
Terra’s LUNA 2.0 price must reclaim $5.30 as assist to have an opportunity of invalidating the pessimistic outlook. If this had been to occur, LUNA may rebound to $6 and even $6.70.
Why shorting Terra’s LUNA 2.0 price might be worthwhile
A quick technical and on-chain analysis on Terra’s price. Within the video below, FXStreet’s analysts consider where LUNA 2.0 price may very well be heading next.