How a Guilty Plea and a Pattern Could Turn LUNC’s Fate – Who Knew Charts Could Be So Dramatic?

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In the quiet corridors of market chaos, the price of LUNA Classic (LUNC) has lingered, confined within a rather narrow cage, despite the bullish shouts of its fellow cryptocurrencies rampaging wildly around it. Perhaps, it’s just waiting for a sign, or maybe it’s meditating on the absurdity of it all-who’s to say? Meanwhile, Do Kwon, the infamous maestro of mayhem, has decided to confess his sins in the U.S., pleading guilty amidst a flurry of legal fireworks. The empire of Terra, once enormous, now shuffles quietly, seemingly unaffected by the legal storm brewing around its creator-at least, for now. 😊

  • LUNC’s price is playing a game of hide-and-seek, stuck in a narrow corridor while others surge like wild stallions.
  • Do Kwon, the man with a million charges, admits guilt-cue the dramatic music 🎺.
  • The chart gods whispered of an inverse head-and-shoulders pattern-because what’s life without some cryptic shapes?

As of today, the token lounges at a modest $0.000062, down nearly 5% from its July flirt with $0.00007235. Funny thing-this calm might just be the prelude to a spectacular performance, especially with that mysterious inverse head-and-shoulders looming over it like a confetti cannon waiting to explode.

Oh, the Pattern of Intrigue: Inverse Head-and-Shoulders

On the four-hour chart, dear reader, LUNC peeked at $0.00007235 back in July before retreating, as if politely declining a dance. Now, it has crafted an elegant shape-the inverse head-and-shoulders-standing proudly with its head at $0.00005518 and shoulders around $0.000059. The neck, the grand line everyone’s watching, is at $0.00006440. Break that, and it’s party time-possibly reaching the July heights and beyond, to $0.00007235, because who doesn’t love a good rally? The distance between the shoulder and the head is about 14%-conjuring a target of roughly $0.00007350. But beware! Dropping below $0.00005960 would be like crashing the party with a sour face-unexpected, and very unwelcome. 😉

Legal Drama and Token Burn: The Plot Thickens

The real star of this story? None other than Do Kwon himself, who recently decided to confess, admitting guilt to those pesky wire fraud charges. The scene is set around the $40 billion fiasco of Terra’s collapse-a saga that could fill volumes of tragicomedy. Kwon, possibly destined for a lengthy stay in U.S. prison, has turned his gaze elsewhere, while his legal shadows stretch across South Korea. Meanwhile, the community, ever resilient or perhaps just bored, continues burning tokens-more than 836 million in just the past week-shrinking the supply and making the remaining tokens scarcer, like good gossip at a dinner party. The total burnt now reaches a staggering 415 billion-because nothing says “I love you” like reducing supply.

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2025-08-13 20:16