I have a doubt luna will never see the high price again because with too much loses future investors will think twice if they gamble on this project. It was delisted on binance and that alone the risk is high though it was listed back again yet it has the hard time recovering. Let's see what's gonna be the next plans and moves of the team to try to save this project.
Luna also has a huge supply this time and those who invested during the dip are just taking profit from every small recovery. I don't think LUNA would reach the same high peak again because lots of investors have lost their interest on it and they felt disappointed with what happened. However, it's still an opportunity for others to buy during the dip then they will sell it when the market recovers.
yes you are right there is no second chance for luna, it is very difficult to go back to how it used to be. and even if all the luna coins minted during the crash were burned, it would still not be able to restore investor confidence. there will always be worries currently holding luna/ust in the future, they will always think about the possibility of the same case happening again. so I think this project will die.