Terra’s LUNA2 skyrockets 70% in nine days despite persistent sell-off risks By Cointelegraph

[ad_1]

Terra’s LUNA2 skyrockets 70% in nine days despite persistent sell-off risks

The price of (LUNA2) has recovered sharply nine days after falling to its historic lows of $1.62.

On June 27, LUNA2’s rate reached $2.77 per token, thus chalking up a 70% recovery when measured from the said low. Still, the token traded 77.35% lower than its record high of $12.24, set on May 30.

LUNA2/USD four-hour price chart versus . Source: TradingView
LUNA2/USD daily price chart featuring ‘bull flag’ setup. Source: TradingView

LUNA2 is risky

daily price chart. Source: TradingView
LUNAC and USTC market cap. Source: CoinMarketCap