Why has LUNA suddenly surged in recent days?
In the context of the altcoin market rotating capital, LUNA has become the center of attention due to a combination of psychological, technical, and external event factors. First of all, the crypto market is in a phase of excitement, causing capital to flow heavily into small and mid-cap tokens in search of quick profits. LUNA – once a symbol of collapse in 2022 – is even more likely to attract attention due to its low price, high volatility, and speculative nature.
In addition, information related to Do Kwon's legal proceedings and restructuring moves within the Terra ecosystem has raised hopes for a potential "resurrection," even though there have been no substantial changes. These expectations trigger FOMO, leading to a large number of speculators participating.
Finally, technical analysis shows that LUNA has escaped a long accumulation zone and broken through several resistance levels, creating a strong breakout effect. As the price exceeds short-term peaks, trading algorithms and momentum traders continue to push the price further.
In summary, LUNA's surge mainly comes from speculative sentiment, short-term expectations, and capital flow effects — rather than true fundamental value. Caution is advised in trading.
