Stock Groups

Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead? -Breaking

[ad_1]

Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?

(LUNAAs a result of the wider correction among crypto assets, and uncertainties regarding its token-burning mechanism, the ) price dropped on April 11.

(BTCEther (ETH) led to a decline in the rest of the cryptocurrency market, with LUNA’s price dropping by over 8% to nearly $91.50, and about 30% from its record high of $120, set on April 6.

Source: TradingView. The 2022 correlation of LUNA to BTC was largely favorable. Source: TradingView
Daily price chart with 50-day EMA support TradingView