$Luna Classic just pumped 20% on Friday, making it four green days in a row. The community is literally on fire right now — almost 959 million LUNC have been burned in December already, and that supply drop is helping the price bounce hard.
But here’s the twist: Do Kwon’s final court hearing is on December 11… and this pump could be a massive bull trap if whales play the news.
🔥 Why LUNC is pumping right now
Do Kwon already pleaded guilty in the $40B Terra crash — the fraud charges include commodities fraud, securities fraud, and two wire fraud counts.
On December 11, Judge Engelmayer is going to announce his sentence.
US prosecutors reportedly agreed to max 12 years
South Korea wants 40 years
That huge difference is creating crazy speculation in the market… and many retail traders might get caught buying late.
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🧨 Token burns are fueling demand
The burn rate is insane this month. According to Luncmetrics:
959M LUNC burned in December
182.09M burned on Friday alone
This forced supply cut is boosting confidence right before the hearing. Smart money is already active here.
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📈 Technical chart looks bullish — but risky
Right now, LUNC is building a bullish Marubozu candle on the daily log chart, showing strong buying dominance. With a 20% daily move, the price is pushing directly into the R1 Pivot at $0.00003914 — this is the key resistance blocking LUNC’s fourth straight recovery day.
If bulls flip this level, we can see a clean run toward the R2 Pivot at $0.00005107, which means LUNC can reclaim the $0.00005000 psychological level.
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📊 Momentum indicators support the move
RSI at 66 — buyers are strong, momentum running toward overbought after a bullish divergence between the November 21 and December 1 lows
MACD is rising above the signal line, big green bars — clear strength, clear trend reversal energy
This looks like aggressive accumulation.
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⚠️ Key level to watch
If the price drops below $0.00003241 (center Pivot), LUNC can easily retest the December 1 low at $0.00002485.
That would wipe out the whole recovery and trap late entries.
