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The news of Terra founder Do Kwon being sentenced to 15 years in prison has been confirmed. This $40 billion crypto epic crash has finally found someone to pay the price.
But the surreal part is—LUNA surged 132% over the past seven days, with the price reaching $0.16, and the 24-hour trading volume skyrocketing to $780 million. The market is voting with money—what are they betting on?
From the chart, a top formation pattern has already appeared on the daily chart. The $0.25 level is a clear strong resistance, the RSI indicator has entered overbought territory, and a death cross signal could form at any moment. The technical signals are flashing red, but funds are still pouring in.
What is the nature of this rally? A revenge rebound? Or is someone dumping at the high? When Terra's ecosystem collapsed years ago, countless assets were wiped to zero. Now, this trend reminds people of an old saying: history doesn't repeat, but it often rhymes.
For veteran players who experienced that disaster, this coin probably won't be touched again. How much did you lose back then?