Summary
• LUNAUSDT rose from 0.1673 to 0.2293, forming bullish momentum with a volume spike near the high.
• A 5-minute bullish engulfing pattern appeared at 0.168–0.170, suggesting short-term strength.
• Volatility expanded sharply after 16:00 ET, with RSI near overbought and Bollinger Bands widening.
• Turnover surged to $4.3B during the upward move, aligning with price confirmation.
• Key Fibonacci resistance lies at 0.2093 and 0.2111, both showing initial rejection.
Terra/Tether (LUNAUSDT) opened at 0.1673 on 2025-12-09 at 12:00 ET, rose to 0.234, hit a low of 0.1391, and closed at 0.2293 on 2025-12-10 at 12:00 ET. Total volume for the 24-hour window was 26.65 million LUNA, with notional turnover reaching $4.3 billion.
Structure & Patterns
The pair formed a strong bullish trend, breaking above prior resistance at 0.170 and extending to 0.234. A key
engulfing pattern appeared near 0.168–0.170, signaling renewed buying pressure. A potential bearish rejection was observed at 0.2111, where price briefly stalled before resuming higher.
Moving Averages and Momentum
Fifteen-minute MACD crossed into strong positive territory, with RSI peaking near 80, suggesting overbought conditions. Short-term moving averages (20/50) remained above price, supporting the continuation of the uptrend. Daily 200SMA was pierced near 0.170, adding to the bullish setup.
Volatility and Bollinger Bands
Volatility expanded sharply after 16:00 ET, with Bollinger Bands widening and price trading near the upper band for much of the session. This suggests increased uncertainty and potential for consolidation or a pullback in the near term.
Volume and Turnover
Volume surged at the high near 0.234, confirming the strength of the move. Notional turnover rose in tandem, indicating aligned price and volume behavior. However, volume during the consolidation phase after 0.2111 was relatively light, suggesting weaker conviction for a breakout.
Fibonacci Retracements
The 5-minute swing from 0.1391 to 0.234 shows key retracement levels at 0.193 (61.8%) and 0.176 (38.2%). Price appears to be testing the 61.8% level at 0.193, which may offer initial support before attempting another breakout.
Market participants should watch for a potential pullback into the 0.2111–0.2093 consolidation range as a precursor to a higher test of 0.234. A close below 0.2026 could trigger a retest of 0.193. Investors are advised to remain cautious amid elevated volatility and consider trailing stops if holding long positions.
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