Quick Briefing
- Here's the scoop: Do Kwon just got slapped with a 15-year sentence, and it's got LUNC traders watching the charts again, hoping for a repeat of that speculative pump we saw right before his hearing.
- The big picture is, even though LUNC hasn't exploded instantly, the technicals look like it's just pausing, not collapsing. Long positions are slowly building, and open interest is rising, setting the stage for a potential short-term bounce if fresh volume decides to pile in.
- But here's the kicker: this whole move is purely news and volume dependent. If that fresh volume doesn't materialize, LUNC will likely just keep drifting sideways until the hype completely fades. So, watch for actual volume, not just headlines.
About Meow Alert
Crypto analyst and researcher with 13k+ followers on Binance Square. Focused on on-chain data and market structure.