LUNA rebound should follow UST repeg

So last night LUNA dropped 50% and its accompanying algo-stable (UST) went from $1 peg to a low of 69 cents (heh nice), then went through a very turbulent period, and finally started making its way back to the peg this morning (currently back at 92 cents).  This provided a huge arbitrarge opportunity, and interestingly while UST is making a recovery, LUNA is stabilizing with support @$28.50. However, as the arb between LUNA and UST continues, LUNA will continue to be burned, which should allow LUNA to recover to reasonable levels.  Bullish on LUNA, LFG! 

back

LUNA rebound should follow UST repeg

May 10, 2022

bullish

general Analysis

[< 1 min Read]

So last night LUNA dropped 50% and its accompanying algo-stable (UST) went from $1 peg to a low of 69 cents (heh nice), then went through a very turbulent period, and finally started making its way back to the peg this morning (currently back at 92 cents).

This provided a huge arbitrarge opportunity, and interestingly while UST is making a recovery, LUNA is stabilizing with support @$28.50. However, as the arb between LUNA and UST continues, LUNA will continue to be burned, which should allow LUNA to recover to reasonable levels.

Bullish on LUNA, LFG!

page loading card

LUNA

terra-luna-2

0.01

-0.00048596
-5.30%

Return

-
Position Return %
0.00
Position Return
0.01
Price When Posted

Metrics

0.01
Target Price
8/ 10
Confidence
2-4 Weeks
Timeframe
catalyst icon
Earnings Release
catalyst icon
News
catalyst icon
SEC
Filing
catalyst icon
Sentiment
catalyst icon
Other Catalyst

Access the latest tools and discussion channels with an account

reddit-sentiment

Reddit Sentiment
Analysis

portfolio-balancer

Portfolio Balancer
with brokerages

sec-dashboard

SEC Dashboard
with NLP

aiodd-ad
next