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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