![With $0.16 defended, can Terra [LUNA] extend its rally by another 50%?](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/81504958/fcd41e860d98b79190d2e52ea2c0e5d7178727784f9f6a748984c704bc2321c3)
Overview
- LUNA traded around $0.2076, up about 39% on the day after a breakout from long consolidation, with a 24‑hour range between $0.147 and $0.243.
- Spot volume rose to about $418 million, derivatives volume to roughly $816 million, and open interest to $29 million, according to CoinGlass.
- Traders positioned around the Dec. 11 U.S. sentencing of Do Kwon, who pleaded guilty in August after extradition, as prosecutors seek a 12‑year sentence.
- Terra’s v2.18 upgrade went live on Dec. 8 with security and Cosmos interoperability improvements, and Governance Proposal 4844 opened discounted OTC liquidity routes.
- Analysts warn the move is event‑driven with reversal risk, with false social‑media “release” rumors lifting momentum while LUNA remains more than 98% below its pre‑collapse peak.