A sentence was handed down to Do Kwon for 15 years in prison, and although the market did not immediately jump, it returned to the same setup we saw a few days before his hearing. LUNC suddenly moved again without any real incentive — just traders reacting to the headlines and pushing the thin chart upward. That’s why people are looking at the charts again now.
On the 4-hour chart, LUNC is still cooling off after rising to 0.08. It’s not collapsing; it’s just drifting and holding a middle area where it could pivot in either direction if volume appears. The structure looks more like a pause than a collapse.
The hourly trading data aligns with that idea. Long positions are slowly increasing, large traders tend to lean slightly bullish again, and open interest is being rebuilt after the decline. Nothing explosive yet, but the pressure is not one-sided. It's the kind of setup where a strong wave of volume can quickly wake up the chart.
All of this makes the news the main driver. If the market reacts in the same way it did before the hearing session, LUNC could get a short boost. If that doesn't happen, it will just continue to drift until the noise fades.
👉 Bias: Neutral with a slight bullish tilt — movements only happen if new volume comes in.
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