If you experienced the crypto earthquake of 2022, you must still remember LUNA—the “king-level project” that was once in the top ten and went to zero overnight. In just a few days, its market cap evaporated by tens of billions of dollars, countless people lost everything, and its founder has since been mired in legal troubles.

And recently, this almost forgotten name has suddenly made a comeback.

Many people are excited: Could LUNA be resurrecting? I missed the chance to get rich back then; I can’t afford to miss out this time!

But if you calm down and observe carefully, you’ll notice that behind this price surge are some very familiar patterns.

On one hand, there’s news that its network will undergo an upgrade on December 8, supported by a major exchange, which has become the perfect excuse for the rally. On the other hand, there’s a wave of “cultural nostalgia” in the community, as if people are hyping up an episode they’re unwilling to forget.

However, the technical indicators quietly reveal another picture: short-term moving averages may be rising, but momentum is already showing signs of weakening. MACD has turned positive, but overall it’s still consolidating at a low level. What goes up fast can fall just as quickly.

Let’s not forget, LUNA’s founder is still facing the threat of decades in prison, and the project itself carries a huge legal and trust deficit. The price can be hyped in the short term, but the underlying shadow has never gone away.

History is eerily similar: LUNA was once in the limelight, attracting countless followers, but ultimately became the most brutal trap. A lucky few got out at the top and made a fortune, but far more ordinary people are still trapped, unable to break even.

Although the price has rebounded, it will never return to its former highs. Is this surge a main player taking advantage of the narrative to sell, or is it the prelude to another round of retail investor slaughter? No one can say for sure. $LUNA ‌#广场发帖领$50