Luna Classic (LUNC) wakes up strongly and records a jump close to 20%, extending its positive streak for the fourth consecutive day. But this movement has a delicate background: the imminent sentence of Do Kwon on December 11 for the collapse of Terra that wiped out more than $40 billion.
The market loves risk... but this is a binary event.
What Is Driving LUNC?
Two factors are fueling this rebound:
✅ Aggressive token burn
Only in December, 959 million LUNC have been removed, reducing the circulating supply and increasing short-term bullish pressure.
✅ Expectation for the sentence of Do Kwon
Do Kwon has already pleaded guilty to multiple fraud charges in the U.S.
U.S. Prosecutor's Office: up to 12 years in prison
South Korea demands: up to 40 years
This event is generating a wave of extreme speculation.
Quick Technical Overview
LUNC forms a bullish Marubozu candle on the daily chart
He is facing resistance at:
R1: $0.00003914
R2: $0.00005107 (psychological zone $0.00005000)
🔹 RSI at 66 → Close to overbought
🔹 Bullish MACD → Momentum still active
This confirms strength… but also risk of exhaustion.
The Risk That No One Should Ignore
If LUNC loses the central pivot at $0.00003241, the price could quickly return to the recent low at:
📉 $0.00002485
Furthermore, the combination of:
Judicial event
Vertical rise
High RSI creates the classic scenario of 'buy the rumor, sell the news.'
Conclusion For Traders
LUNC is experiencing an explosive rally due to emotional catalysts, not structural fundamentals.
✅ Opportunity for aggressive traders
⚠️ High risk of reversal post-sentence
❌ Dangerous area to enter late due to FOMO
Volatility is guaranteed. The direction is NOT.
