{"id":38341,"date":"2022-06-06T02:39:55","date_gmt":"2022-06-06T02:39:55","guid":{"rendered":"https:\/\/harchi90.com\/terras-luna-2-0-price-plummets-below-5-heres-where-its-going-next\/"},"modified":"2022-06-06T02:39:55","modified_gmt":"2022-06-06T02:39:55","slug":"terras-luna-2-0-price-plummets-below-5-heres-where-its-going-next","status":"publish","type":"post","link":"https:\/\/harchi90.com\/terras-luna-2-0-price-plummets-below-5-heres-where-its-going-next\/","title":{"rendered":"Terra’s LUNA 2.0 price plummets below $ 5; here’s where it’s going next"},"content":{"rendered":"
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Terra’s LUNA 2.0 price has dipped below $ 5, crashing by more than 60% over the past week. The Layer 1 token reached a low of $ 4.50 and it is hovering around $ 4.80 at the time of writing. Further selling pressure could send LUNA 2.0 price to retest May 28’s low at $ 3.50. <\/p>\n

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LUNA 2.0 hourly chart<\/small><\/p>\n

Terra’s LUNA 2.0 price needs to reclaim $ 5.30 as support to have a chance of invalidating the pessimistic outlook. If this were to happen, LUNA could rebound to $ 6 or even $ 6.70.<\/p>\n

Why shorting Terra’s LUNA 2.0 price can be profitable<\/h2>\n

A brief technical and on-chain analysis on Terra’s price. In the video below, FXStreet’s analysts evaluate where LUNA 2.0 price could be heading next.<\/p>\n

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