LUNA up 46.13% in 24 hours as network improvements increase investor optimism

LUNA Experiences Significant Price Surge

In the past 24 hours, LUNA’s value jumped by 46.13%, reaching $0.2227 as of December 10, 2025. Over the last week, the token has soared 128.57%, and its monthly gains stand at an impressive 219.11%. Despite a yearly decline of 44.44%, recent developments suggest a shift in momentum, driven by increased on-chain activity and anticipation of an upcoming blockchain upgrade.

Rising Optimism Ahead of Major Network Upgrade

Interest in Terra Luna Classic (LUNC) is on the rise, as evidenced by growing net inflows and a surge in open interest within derivatives markets. In just two days, futures open interest for LUNC on various exchanges climbed from $18.15 million to $25.55 million, reflecting a fresh influx of capital and supporting the ongoing price rally. This uptick in activity aligns with positive sentiment surrounding an imminent protocol upgrade.

Upcoming Upgrade to Enhance Security and Performance

Earlier this week, the Terra Classic development team released terrad v3.6.1, an update designed to resolve longstanding contract issues and improve system dependencies.

The proposed upgrade, set to activate at block 26,479,000 (expected around December 18), awaits approval from both the community and network validators. Once live, it is anticipated to bolster the blockchain’s security, enhance its features, and support its sustainability. According to the project’s GitHub, the upgrade has already passed tests on the rebel-2 testnet, and a rollback to version v3.6.0 is available should any issues arise on the mainnet.

Investor Confidence and Capital Inflows Strengthen

On-chain metrics reveal a renewed sense of confidence among investors, with several notable inflow spikes across the Terra Classic ecosystem. These movements are likely fueled by excitement over the forthcoming network upgrade. Market observers believe that this influx of capital could further reinforce the current bullish momentum.

Technical Analysis Points to Ongoing Uptrend

Technical indicators support the positive outlook for LUNA. On the weekly chart, the token is trading above the 50-week exponential moving average (EMA) at $0.000056 and remains within a falling wedge formation. The weekly relative strength index (RSI) is at 56, indicating strong upward momentum, while the MACD shows a bullish crossover.

Looking at the daily chart, LUNA recently bounced from the 61.8% Fibonacci retracement level at $0.000047, rallying 22% in the next session. The daily RSI has reached 71, suggesting the asset is currently overbought, while the MACD continues to show a bullish crossover with an increasing histogram. Bulls are targeting a move toward the December 6 peak at $0.000081.

Analysts See Potential for Further Gains

Market analysts believe that if LUNA sustains its momentum and closes above the 50-week EMA, the rally could extend toward $0.000098 on the weekly timeframe. Should a pullback occur, the next significant support is expected near $0.000047.

With robust technical signals, rising open interest, and excitement around the network upgrade, LUNA appears poised for continued upward movement in the short term.