- Terra Luna uses POS consensus mechanism and SHA 256 hashing algorithm.
- LUNA trading price declined by 29.6% over the last 30 days.
Terra is a fast and open blockchain that hosts dApps and DeFi products. Luna is its staking and governance token. Terra Classic users received Luna airdrops after a new Terra chain was launched. UST was a failed stablecoin project that crashed Luna and UST.
The market cap of the Terra crypto has declined by 6.2% in the last 24 hours resulting in a market cap of $425.672 Million. Also, the circulating supply of the crypto is 635.763 Million LUNA.
The trading volume of the Terra crypto further has declined by 7.32% in the last 24 hours. As per CoinMarketCap, the market cap ranking of Terra crypto is #122. Also, the max supply of the Terra is infinite followed by a total supply of 1.004 Billion LUNA (press time).
The fully diluted market cap of the Terra crypto is $672.612 Million and as per DefiLlama, the crypto has a total value locked of $30.09 Million.
Terra Crypto Derivates Analysis
The open interest of the crypto has declined by 34.96% in the last 24 hours resulting in a value of $4.95 Million and the derivatives volume of the crypto has advanced by 34.96%.
Moreover, the long/short ratio of the crypto is 0.8185 and the long liquidation of the crypto is $120.80K against the short liquidation of $1.24K.
LUNA Crypto Technical Analysis
The price of the LUNA crypto has been consistently declining with a very strong downtrend due to which the crypto has lost its value by more than 96% from its all-time high price.
Based upon the current scenario, the Terra crypto is trading close to the all-time lows forming bearish patterns on the chart.
LUNA/USD Chart by TradingView
The price of the crypto is trading below all of the significant moving averages and the 50-day and the 200-day EMAs are also treading in a death cross.
The MACD shows a loss in momentum of the crypto as the MACD and the signal line are trading in below the signal line and are sustaining at the same level for a long time.
The RSI is trading at a level of 38.53 and also has declined below the 14-day SMA indicating weakness in the price.
Summary
Terra Luna is a blockchain project that suffered a massive crash due to its unstable stablecoin UST. LUNA is its governance token that has lost over 96% of its value from its peak. It is in a strong downtrend with no signs of recovery and the indicators are also representing weakness on the technical charts.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.