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

FXStreet Team FXStreet

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.

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FXStreet Team

FXStreet

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