Introduction

Given the Crypto-Twitter’s chatter about $52 being the new floor price for LUNA, this dashboard aims to establish if there is any basis for said claim.

In the spirit of reproducibility, a public API was used and code can be accessed here.

The dashboard was built in R Markdown to take advantage of available packages in R, including ggplot2’s graphing capabilities. Pricing data comes from GoinGecko’s public API, and was accessed using the geckor package in R.

LUNA’s price over the past year

Before establishing a time period to study the claim that $52 is the floor price of LUNA, we decided to start by looking at a full year of price history to determine when was the first (and last) time that LUNA’s price crossed the $52 mark for a prolonged period of time.

As we can see in the above graph, the first time that LUNA crossed the $52 barrier was before mid-November, but it only stayed above it for a day. However, on December 1st it crossed the mark again and stayed above it for almost two months, marking the first sustained excursion to the above-52 territory.

Given this, we chose to study LUNA’s price since December first in an attempt to establish if there is any basis to the claim that $52 is the new floor price for LUNA.

LUNA’s price since December 1st

The following plot shows LUNA’s price since December 1st, conveniently marking a horizontal line at the $52 level.

The table below shows the total number of trading days in the studied period, the days when the close was above $52, and the days when the close was below.

#Trading days	#Days above 52	#Days below 52
94	82	12

As we can see, since LUNA first crossed the $52 mark for a sustained period of time, it has only gone below briefly, by (relatively) little and very few times.

This, without being strong evidence that $52 can act as a floor to LUNA’s price going forward, at least provides a basis for the claim.