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Terra off to new record high as LUNA price outperforms market with 30% rebound in 3 days

Published 03/09/2022, 08:49 AM
Updated 03/09/2022, 10:20 AM
LUNA/USD
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LUNAt/USD
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Terra’s LUNA resumed its upward march this week, with the price of the token rebounding more than 30% in three days.

LUNA’s price reached nearly $100 on March 9 following a 15% intraday rally, coming near its record high of $106 from December 2021. At its week-to-date (WTD) low, the Terra token was trading at $75.60.

LUNA/USD daily price chart. Source: TradingView
UST vs. LUNA supply in the past 30 days. Source: Smart Stake
Terra total value locked as of March 9. Source: Defi Llama
LUNA/USD weekly price chart. Source: TradingView

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