What’s going on with Terra (LUNA) — short-term snapshot
LUNA is currently trading with strong volatility after a recent jump — the asset’s surge has been attributed to renewed investor interest and a positive technical backdrop.
The recent update to the network (the v2.18 rollout) helped improve confidence in the project’s infrastructure, boosting activity and trading volume.
Some analysts are projecting a near-term target of ~ $0.13-$0.16 if bullish momentum continues — with a more bullish upside toward ~ $0.16+ if key resistances break.
On the flip side: if LUNA fails to hold support or volume dries up, a pullback toward ~ $0.10-$0.088 is within the realm of possibility, reflecting overall market volatility and cautious sentime
⚠️ Key Risks & What Traders Should Watch
The rebound remains fragile — while short-term momentum is positive, long-term confidence in LUNA is still mixed given the history of the ecosystem.
If trading volume drops or sentiment sours (e.g. due to broader crypto-market weakness or negative headlines), corrections could be sharp — holding above support levels is critical now.
Given LUNA’s volatility, risk management (stop-loss, sizing) should be a priority for anyone entering now.
#Write2Earn #BTCVSGOLD #CPIWatch
