Cryptocurrency News

Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?

04/11/2022

Less than a minute

2022.04.11 21:18

Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?

Terra (LUNA) price slid on April 11 as a broader correction across crypto assets added to the uncertainties concerning its token burning mechanism.

Bitcoin (BTC) and Ether (ETH) led to a decline in the rest of the cryptocurrency market, with LUNA’s price dropping by over 8% to nearly $91.50, and about 30% from its record high of $120, set on April 6.

04/11/2022

Less than a minute

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