LUNA has been stirring up again recently. In just two days, it pumped nearly 15%, and the trading volume has become quite active. Normally, such a level of rise should correspond to strong buying pressure, but the momentum score is only 45, which seems a bit hollow and really needs some pondering.



First, let's look at the news. After going around, I didn't find anything decisive—no official major announcements, no expectations for mainnet upgrades, and no news about Launchpool or airdrops; the risk of delisting is also temporarily absent. The historical baggage of the LUNA coin is indeed heavy, and we always need to guard against risks, but from the current situation, this rise seems more like pure capital manipulation.

The public opinion here is quite lively. X and the community have started arguing again, with big influencers and KOLs calling for buy orders after the price rose, but there are also many opposing voices, a bunch of people reminding of the risks and mocking. The atmosphere is particularly divided—some are enthusiastically chasing the trend, while others are watching coldly. The project team has recently not made any statements regarding the price, only updating the technical progress, so the public opinion does not have a clear bias, and the long and short positions completely depend on the funds and the order book.

From the order book perspective, the current price is at 0.1179, and the short-term rise is indeed considerable. Considering the momentum score is average and the 1-minute candlestick trend is flat, I feel this is more like the main force probing the market bottom line; it's hard to say whether it is high position liquidation or a pump for baiting. For coins like LUNA, a rapid rise without substantial positive news following it can easily turn into a scene of the dealer harvesting.
LUNA-4.46%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
RunWithRugsvip
· 12-22 14:57
Short Position不怕站岗
View OriginalReply0
Degentlemanvip
· 12-22 14:56
The market maker has revealed themselves again.
View OriginalReply0
ChainMaskedRidervip
· 12-22 14:52
It's time to Be Played for Suckers again.
View OriginalReply0
DaisyUnicornvip
· 12-22 14:37
The market maker is playing traps again.
View OriginalReply0
RadioShackKnightvip
· 12-22 14:33
Again, the market maker is speculating on suckers.
View OriginalReply0
TommyTeacher1vip
· 12-22 14:31
The air has risen more.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)