LUNA +97.29% 24H as Short-Term Volatility Intensifies

On SEP 2 2025, LUNA surged by 97.29% within 24 hours to reach $0.1437, marking a sharp upward swing in an otherwise turbulent period for the asset. Over the past week, the token plummeted by 515.67%, and over the past month, it fell by 122.37%. Year-to-date, the decline is more severe, with a 6496.26% drop. The recent 24-hour increase appears to be a brief reversal in a prolonged bearish trend.

The latest movement in LUNA is attributed to a combination of on-chain activity and market sentiment shifts. A sudden spike in transaction volumes was recorded across major decentralized exchanges, suggesting heightened trading interest. While the broader market remains bearish, the increased attention on LUNA has temporarily boosted its price. Analysts project that the token could face further volatility in the coming days, as the balance between short-term speculative trading and longer-term bearish fundamentals remains unsettled.

Technical indicators are currently mixed, with some suggesting exhaustion in the recent upward move. The Relative Strength Index (RSI) has shown signs of overbought conditions, while the Moving Average Convergence Divergence (MACD) reflects a narrowing gap between the signal and the histogram. These metrics indicate that the recent bullish momentum may not be sustainable unless accompanied by stronger on-chain fundamentals or a broader market rebound. The current price level has also shown resistance in past bear cycles, raising questions about the durability of the latest rally.

The market is closely watching whether the recent 24-hour gain represents a short-lived bounce or the start of a broader reversal. Given LUNA’s historical volatility, analysts caution against interpreting short-term price swings as predictive of long-term direction. However, the sharpness and immediacy of the 24-hour rise suggest that at least some market participants are beginning to reassess the asset’s value proposition.