$1000LUNC The 15-year prison sentence for Terraform Labs founder Do Kwon has caused a strong sell-off, severely damaging investor confidence.

Bearish Technical: The price has dropped by 7.7% in 24 hours, trading below key EMAs. An oversold RSI (22) suggests the possibility of a rebound.

Volatile Capital: Capital flows are very erratic with recent hourly outflows, reflecting high market uncertainty despite some speculative buying.

Ecosystem Support: An upcoming network upgrade and the token burn mechanism by Binance offer potential long-term support for the ecosystem.

Technical Outlook LUNC

LUNC is down 7.7% at $0.00004369, testing the lower Bollinger band. Although the MACD is negative, a deeply oversold RSI (22) suggests the possibility of a short-term rebound despite strong bearish momentum.

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