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

Cointelegraph

Published Jun 27, 2022 12:50PM ET

Updated Jun 27, 2022 02:40PM ET

The price of Terra (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 BTC/USD. Source: TradingView
LUNA2/USD daily price chart featuring 'bull flag' setup. Source: TradingView
h3 LUNA2 is risky/h3
LUNA/USD daily price chart. Source: TradingView
LUNAC and USTC market cap. Source: CoinMarketCap

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