Breaking: Terra's LUNA drops below $100

FXStreet Team FXStreet

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.

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

FXStreet

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