LUNA Value Increases by 10.29% Over 24 Hours as Network Upgrade and Growing Inflows Drive Momentum
- LUNA surged 10.29% in 24 hours, driven by a network upgrade and rising on-chain inflows. - The terrad v3.6.1 upgrade aims to resolve legacy contract issues and enhance blockchain security ahead of December 18 implementation. - Derivatives open interest in LUNC futures rose to $25.55M, signaling renewed investor confidence linked to the upgrade. - Technical indicators show LUNA trading above 50-week EMA with RSI at 56, suggesting sustained upward momentum. - Analysts project continued gains if the upgrade
LUNA Surges as Terra Luna Classic Ecosystem Gains Momentum
On December 11, 2025, LUNA experienced a significant 10.29% price increase within a single day, reaching $0.221. Over the previous week, the token advanced by 61.93%, and over the past month, it soared by 199.86%. Although LUNA has declined by 47.79% over the past year, the recent rally has sparked renewed enthusiasm for the Terra Luna Classic (LUNC) ecosystem. Analysts attribute this bullish trend to robust on-chain data, increased capital inflows, and a pivotal network upgrade.
Major Network Upgrade Fuels Positive Sentiment
The Terra Luna Classic development team has introduced terrad v3.6.1, a crucial update aimed at resolving longstanding contract issues and enhancing the blockchain’s overall performance. Scheduled for deployment on December 18, this upgrade requires approval from both the community and validators. Once approved, the network will automatically pause at block 26,479,000 to implement the changes. The update has already passed tests on the rebel-2 testnet, and a rollback to v3.6.0 is available should any complications arise on the mainnet.
These enhancements are expected to bolster the security and dependability of the Terra Classic blockchain. Experts believe that the improvements could boost the network’s long-term appeal and attract both institutional and retail investors.
On-Chain Metrics Reflect Growing Trust
Recent on-chain statistics reinforce the optimistic outlook. Derivatives data reveals that open interest in LUNC futures climbed from $18.15 million at the start of the week to $25.55 million by midweek, indicating fresh capital entering the market and supporting the recent price surge. Notable inflow spikes, as shown in DefiLlama charts, further demonstrate rising investor confidence. Much of this activity appears to be driven by anticipation surrounding the upcoming network upgrade, with traders and investors positioning themselves for potential gains.
Technical Analysis Points to Continued Uptrend
From a technical perspective, LUNA is trading above its 50-week Exponential Moving Average (EMA), which is typically viewed as a bullish indicator. The weekly chart shows the price breaking out of a falling wedge formation and posting a 24% gain this week. Should LUNA close above the 50-week EMA at $0.000056, the next resistance target could be $0.000098.
The weekly Relative Strength Index (RSI) currently sits at 56, surpassing the neutral 50 mark and signaling strengthening upward momentum. Market observers suggest that if the positive trend persists and the network upgrade proceeds smoothly, LUNA may continue to appreciate.
Market Outlook and Potential Risks
Despite the notable 47.79% decline over the past year, recent price action and on-chain developments indicate that the market is reevaluating Terra Luna Classic’s prospects. The forthcoming network upgrade, combined with strong capital inflows, sets the stage for a possible reassessment of the asset’s value.
Analysts anticipate that the synergy of technical strength, increased on-chain activity, and network enhancements could help LUNA sustain its upward momentum in the short term. Nonetheless, investors should remain mindful of potential risks, such as regulatory changes and broader economic factors, which could influence market sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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