LUNA & Drawdowns

    In this dashboard, we will discuss about the price performance of $LUNA following liquidation-inducing drawdowns. Other than that, we will try to find out what is the average days for $LUNA to recover its previous price level. In addition, we will also investigate how does this period change relative to the size of the drawdown.

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    First let's see the daily price of $LUNA since 2021. We've come a very long way, it was <$1 in Jan 2021 and at $116 ATH in early April 2022.

    Graph below shows the daily percentage of price movement. The steepest drop in a day was on May 23rd where the price dropped 38%.

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    Table below showing the top 10 daily negative price movement of $LUNA. The worst drop we was -38% in May, followed by -30% the day before. The price went down over 60% in 2 days from $9.64 to $5.35. Top 4 percentage drop is actually from the same week.

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    Bar graph below shows the days it took to for the price to recover last price before the drop. For the -38% drop from $7.39 to $5.35, it took 47 days before the price start trading over $7.39 again. The longest days taken to recover previous price was for the -12% drop from $21 to $18 in March '21 which took 146 days. The worst price drop in 2022 was from $74 to $61 in January this year and it took over a month to recover back to $74.

    In conclusion, after every price rally there will always be retracement and pullback so do not long the top like I always do. Instead, please watch and observe price action before taking action. However, among the top highest price drop, 4 of them took less than 10 days to recover to previous price. So, I would say the price drop percentage has no effect on how many days it took to recover the previous price.