LUNA fell by more than 50% during today’s trading starting from $51  and reaching as low as $24 as markets reacted to stablecoin UST losig its pegged value with the U.S. Dollar.

After trading at a peak of $67 on Monday, LUNA/USD dropped to a low of $24.14 earlier today.

This drop in price is the biggest one-day move since LUNA’s inception, and pushed the price to its lowest point since last September.

The move came following five consecutive days of declines, with the most recent pushing price support below $50.

Looking at the chart, the 14-day RSI is reading off the charts and is currently tracking at 20.46, which is the weakest level in the history of LUNA.
Do Kwon has since tweeted about potential announcements for recovery of LUNA, we will now have to wait to see how markets react to any potential plans or safeguards.