Do Kwon sentence and v2.18.0 upgrade push LUNA up by 25% —
Terra (LUNA) climb about 25% on Dec 11 reach around $0.24 after dem v2.18.0 protocol upgrade plus support moves from big exchanges like Binance and Bybit. Trading volume jump about 116% to near $800 million, extend weekly gains to about 190% and 21‑day rebound roughly 286% from recent lows. The rally show again sharp attention on former Terraform Labs co‑founder Do Kwon before im sentencing for US; Kwon don plead guilty, agree to forfeit over $19 million, and prosecutors dey ask for 12‑year jail while defense dey beg say no more than five years. Market talk mixed: some traders say na upgrade optimism and better liquidity because of temporary exchange maintenance windows cause the move, others dey warn say the spike na community‑driven speculation no be real return to fundamentals, dem remember the original Terra ecosystem collapse in 2022. Key technicals to watch include resistance for $0.30–$0.38 band and an unresolved long‑term downtrend line — dem need breakout above those levels to confirm sustained reversal. For traders: expect more volatility and heavier volumes than normal; watch on‑chain flows, exchange suspension windows, trading volume on higher timeframes, and developments about v2.18.0 upgrade and Do Kwon sentencing for short‑term trading cues.
Bullish
Di immediate price impact dey bullish for LUNA: protocol upgrade plus clear exchange support and surge for trading volume push di price sharply and create short‑term momentum. High volume and concentrated interest around di upgrade and Do Kwon legal timeline increase di chance say buying and volatility go continue for near term. But di rally get plenty caveats wey reduce confidence for durable bull trend: analysts point strong resistance for $0.30–$0.38 band and one intact long‑term downtrend line, and some commentators warn say di move na mostly community‑driven speculation, no be real return of fundamentals after di 2022 collapse. For traders, e mean chance for short‑term bullish trades while momentum hold, but high risk of sharp pullbacks. To confirm sustained rally, dem need break and hold above dat resistance zone on higher timeframes plus continued on‑chain accumulation and wider market support.