๐จ๐ #Terra #LUNA Under Pressure: Will the Correction Continue or Rally Return? ๐
Hey everyone, today December 16, 2025, and Terra ( $LUNA 2.0) is facing a sharp correction amid broader market volatility! The price is currently around $0.1269, down about -12% in the last 24 hours, with trading volume exceeding $100 million and market cap near $90 million. After a massive rally last week (over +200% at peak), we're seeing a natural pullback, but the project continues to evolve!
Quick Technical Glance ๐
Price in a support zone around $0.12 - $0.13; holding here could spark a quick rebound.
RSI around 40-45 (approaching oversold), signaling potential buying opportunity if the overall market improves.
Next resistance at $0.14 - $0.16; breaking it could push us back to $0.18+.
Last week: Insane +100%+ gains, but now correcting post-upgrade and news events.
Hot News ๐ฅ
LUNA recently broke a 5-month descending wedge pattern, fueling a 25%+ surge to $0.13, but market pressure brought the correction!
Do Kwon's case ongoing: Facing potential additional sentencing in South Korea (up to 30 years on top of his 15-year US term), adding uncertainty to sentiment.
Community focused on DeFi and network enhancements, with full Binance support and Cosmos interoperability.
Future Outlook ๐ฎ
Short-term: If the broader market (Bitcoin/Ethereum) stabilizes, LUNA could rebound to $0.16 - $0.18 by week's end.
2026: Positive forecasts, potentially reaching $0.20 - $0.25 with continued development and adoption. Optimistic scenarios higher if trust fully returns.
Long-term: Depends on attracting new developers and moving past history, with strong potential in interoperability.
What do you think, Terra Army? Buying the dip? ๐
Like if you're bullish, and follow Binance Square for daily hot crypto analysis and exclusive news! ๐
#Terra #LUNA $LUNA
