The LUNA token has entered a period of renewed momentum as investors position themselves ahead of an important legal milestone for Terra.
Market participants view the upcoming sentencing of founder Do Kwon as a major moment for the project’s long-term stability.
Confidence has also been lifted by Terra’s latest v2.18 network upgrade, which signals a fresh commitment to technical improvements.
Together, these developments have shaped the token’s sharp rise and fueled heightened market attention.
Do Kwon’s sentencing drives market attention
Do Kwon’s December 11 sentencing is widely viewed as a turning point for Terra.
The verdict may end years of uncertainty linked to the collapse of Terra and UST in 2022, with most expecting Kwon to get between 15 and 20 years in prison.
Kwon has acknowledged responsibility in the case tied to the $40 billion loss, according to recent court disclosures, and the ruling could close a disruptive chapter that has overshadowed the project’s progress.
LUNA’s sharp price response shows how strongly investors are tied to the case’s outcome.
Once the verdict is announced, the token may see new volatility and some traders believe clarity could attract renewed participation if the project signals long-term stability, although others caution that unresolved regulatory risks may temper sustained growth.
Terra (LUNA) technical analysis
Recent technical analysis indicates that LUNA’s bullish momentum remains strong. At the time of writing, Terra (LUNA) price was currently trading at $0.231, up by about 54.19% for the past 24 hours.
Terra’s price has surged vertically, showing a strong but highly volatile bullish move that often signals excitement or speculation but can be unstable.
The RSI is around 83, placing Terra deep in overbought territory, meaning buying pressure is unusually high, and a short-term correction becomes more likely.
The MACD shows a strong bullish crossover with rapidly expanding histogram bars, confirming powerful upward momentum but also hinting that the rally may be overextended.