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LUNA - Drops 6.73% Over 24 Hours as Market Faces Widespread Decline

LUNA - Drops 6.73% Over 24 Hours as Market Faces Widespread Decline

Bitget-RWA2025/11/03 03:58
By: Bitget-RWA
- LUNA fell 6.73% in 24 hours, marking a 78.95% annual decline amid broader crypto weakness. - Analysts attribute the drop to macroeconomic factors and lack of project-specific catalysts. - Backtests show limited short-term recovery after sharp sell-offs, with 30-day returns showing 24% excess gain. - Market uncertainty persists as consolidation phases and volatility remain key risks for long-term holders.

As of November 2, 2025, LUNA’s value has fallen by 6.73% in the past day, deepening a prevailing downward trend that has resulted in a 9.53% decrease over the last week and a steep 78.95% drop over the previous year. The token ended the session at $0.0874, remaining below its price from a month earlier, which was $0.0936. These statistics highlight a persistent slump that has continued even though there have been no recent news events directly impacting the

ecosystem during this market period.

LUNA’s ongoing price weakness has not led to any definitive explanations from traders or investors, but market experts point to broader economic and industry-wide trends as primary influences. The absence of significant updates or progress within the LUNA project, along with a general downturn in the cryptocurrency sector, suggests that the decline is more about widespread risk aversion and shifting capital than any specific problems with the LUNA network itself.

Although there have been no notable project news or technical improvements for the token lately, the overall market environment has been a major factor in its recent performance. The sharp 12-month decline in LUNA’s price reflects the vulnerability of investor confidence in the sector after the collapse of the

ecosystem. With no clear signs of a turnaround on the horizon, attention is now on whether structural changes or market-driven recoveries could appear in the months ahead.

Recent conversations among analysts suggest that LUNA might be entering an early consolidation phase, though this perspective is based on technical analysis rather than new data or project milestones. The prolonged bearish trend has not yet shown signs of reversing, but some experts believe that volatility could rise as additional macroeconomic factors influence the market in the near future.

Backtest Hypothesis

A recent analysis of LUNA’s price action after significant sell-offs produced mixed findings regarding short-term recovery. Reviewing 57 cases of single-day drops of 10% or more since 2022, the study found that short-term returns (over 1–5 trading days) were mostly negative and lacked statistical significance. However, after two weeks, cumulative returns started to improve, with the 30-day period showing a statistically significant outperformance of 24%, compared to a 3% benchmark gain.

The highest win-rate for trades using this approach was 56%, highlighting considerable variability in results across different events. This indicates that while holding for a month may, on average, yield a meaningful rebound, the approach involves substantial volatility and does not ensure steady gains. The findings suggest that sharp one-day drops in LUNA have historically offered little chance of a quick rebound, and those who hold longer may see better results, though with increased risk and uncertainty.

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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