Gate News Bot message, December 11th, according to CoinMarketCap market data, as of press time, LUNA (Terra) is currently trading at $0.21, up 39.42% in the past 24 hours, with a high of $0.25 and a low of $0.07. The 24-hour trading volume reached $703 million. The current market cap is approximately $150 million, an increase of $42.6 million from yesterday.
Important recent news about LUNA:
1️⃣ SBF pardon expectations continue to drive risk asset rotation
Market expectations of the potential pardon for FTX founder SBF have triggered a significant rise in historically distressed assets represented by LUNA. As a coin that has experienced major crises, LUNA’s gains have continuously outperformed the overall market, reflecting a phased improvement in investor risk sentiment. Under these expectations, LUNA has climbed from $0.14 on December 9th to the current $0.21, an increase of over 50%, demonstrating the strong market attention risk assets are regaining.
2️⃣ On-chain technical divergence pattern supports rebound momentum
The Short-term Weighted Trend Signal (BWTS) pattern shows divergence from the price trend, which often indicates a gradual clearing of panic selling. Currently, the BWTS divergence pattern has not been broken, indicating that rebound momentum still exists. LUNA quickly rebounded from a low of $0.07 to a high of $0.25, with the 24-hour trading volume soaring from $147 million to $703 million, an increase of nearly 380%, confirming the validity of this rebound and a significant increase in market participation.
3️⃣ Market heat ranking rise boosts attention
LUNA ranked among the top three in the past 24 hours’ hottest list, coming in third, only behind newly launched tokens and other popular projects. This ranking change reflects a clear increase in market attention to LUNA, further boosting trading activity. The high heat ranking and spot price rising in tandem create a positive feedback loop, attracting more capital inflows and further strengthening the upward trend.
From market performance, LUNA has consecutively broken through multiple resistance levels, forming a strong upward momentum. The highest increase within 24 hours reached 39.42%, with trading volume hitting recent highs, indicating a clear warming of bullish sentiment. However, considering its historical volatility and the market’s long-term caution towards project risks, investors should remain cautious, closely monitoring subsequent fundamental developments and macro sentiment changes.
This message does not constitute investment advice; please be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Fractal model predicts Bitcoin will hit bottom in October 2026
Bitcoin shows positive recovery signals, improving market sentiment after a long phase of volatility. However, experts believe the current uptrend is short-term, with deeper correction risks ahead. According to Crypto Rover's fractal model, Bitcoin's price follows a four-year cycle influenced by halving events. The current cycle likely peaked in late 2025, with further declines expected before a potential bottom around 2026. Short-term price fluctuations can mislead investors, emphasizing the importance of understanding these cycles for long-term trends.
TapChiBitcoin10m ago
Bittensor Holds Strength but Faces Resistance Near $285 Level
Key Insights:
Bittensor maintains strong short-term momentum above key averages, while ETF developments and high staking levels continue shaping liquidity and investor demand dynamics.
Overbought technical indicators signal stretched conditions, even as bullish momentum persists,
CryptoFrontNews47m ago
Dogecoin Slides Despite Elon Musk Reviving DogeFather Persona
Key Insights
Elon Musk’s DogeFather post sparked attention, yet Dogecoin’s price declined, showing limited market reaction despite strong social media engagement and renewed community discussion.
Dogecoin traded near $0.093 after a failed recovery attempt, with steady volume and moderate
CryptoFrontNews51m ago
Trump Issues 48-Hour Ultimatum to Iran, Bitcoin Drops Below 69,200 on Weekend
On March 22, following Trump's ultimatum to Iran, Bitcoin fell below $69,200, declining 2.2% over 24 hours. Market sentiment impacted mainstream crypto assets broadly, with declines across the board despite the Federal Reserve maintaining interest rates unchanged. War risk has made traders cautious. If Iran fails to restore Strait of Hormuz passage, the conflict could escalate, impacting global energy transportation.
GateNews1h ago
How High Can Ripple’s XRP Price Go This Week?
XRP's price is down due to a market-wide decline, particularly influenced by Bitcoin's pullback. Currently, XRP faces resistance around $1.45, with sideways movement indicating market uncertainty. The next price movement may rely on Bitcoin's stability.
CaptainAltcoin1h ago
Bitcoin dips back below $75,000 on the eve of the Federal Reserve decision
Bitcoin recently touched $75,000 but failed to sustain the level, pulling back to $74,000, reflecting cautious sentiment among investors ahead of the upcoming Federal Reserve interest rate decision. Geopolitical risks and elevated energy prices have driven inflation higher, affecting market expectations for rate cuts and pushing the timeline for cuts to year-end. Technical analysis shows Bitcoin remains strong but has not confirmed a decisive breakout above the $75,000 level, with limited upside potential in the near term.
区块客2h ago
