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Breaking: Terra's LUNA drops below $100

Breaking: Terra's LUNA drops below $100
FXStreet TeamFXStreet TeamFXStreet

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.

Terra's LUNA price chart

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. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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