Despite hitting seven-month highs, analysts dismiss the move as “not a comeback,” putting pressure on bullish Terra Luna price predictions.
The altcoin has seen a comeback this month, with momentum accelerating this week after the deployment of the v2.18.0 network upgrade.
The upgrade introduced stronger security, tighter Cosmos interoperability, and a reinforced link between LUNA and USTC — directly addressing the core issues behind the original chain’s collapse.
Even so, popular X trader Toknex warns the rally carries “no narrative and no lasting value.”
Unlike the original ecosystem, they argue the current momentum is driven almost entirely by short-term speculative trading and “community-driven trading pressure.”
While the upgrade does create a foundation to rebuild the Terra ecosystem, the current market reaction has far outpaced its current fundamentals.
Terra Luna Price Prediction: Is the Rally About to Reverse?
The rally affirms the lower boundary of a three-year descending channel pattern, a proven launchpad throughout LUNA’s post-crash consolidation.
With that confirmation, eyes are turning back to a potential breakout as the upper resistance trendline comes into view.
Yet, momentum indicators add merit to Toknex concerns.
The RSI sits at 63, yet to reach the 70 overbought threshold that often marks local tops, while the MACD strengthens its bullish posture with a widening gap above the signal line.
While these could be interpreted as room to grow, their sharp and sudden spikes could commemorate a rally driven by speculation rather than a long-term positioning, opening the door to downside volatility.
If long-term holders decide to take profit, a shakeout of weak hands could trigger a 70% slide back to the $0.0665 support and potentially expose lower lows.
Still, the bullish case is plausible.
The key breakout threshold sits at a past demand zone around the $0.357 0.382 Fib retracement. Flipping this level to support could open the door to a potential 1,000% rally toward $2.
The interim $0.246 0.236 retracement remains immediate resistance, capping this week’s advance.
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The post Terra Luna Price Prediction: LUNA Hits 7-Month High – But One Analyst Says This Pump Could End Badly appeared first on Cryptonews.
