Market Overview for Terra Classic/Tether (LUNCUSDT) on 2025-09-18

• Price surged 32.1% over 24 hours, breaking key resistance levels near $0.0000605 and $0.0000614.
• Volume and turnover increased dramatically after 19:00 ET, confirming bullish momentum.
• MACD and RSI show overbought conditions, suggesting short-term profit-taking may emerge.
• A large bullish engulfing pattern formed from 19:30–20:00 ET, supporting continuation of the rally.
• Bollinger Bands show a recent expansion, indicating heightened volatility and potential trend exhaustion.

Terra Classic/Tether (LUNCUSDT) opened at $0.00005922 on 2025-09-17 12:00 ET and closed at $0.00006104 on 2025-09-18 12:00 ET. The 24-hour high was $0.00006219, and the low was $0.00005887. Total trading volume reached approximately 8.15 billion LUNC, with notional turnover of $490.6k, marking a sharp increase in activity.

The 15-minute chart shows a strong bull trend forming, with the price consolidating above the 20- and 50-period moving averages for much of the day. A significant bullish engulfing pattern emerged around 19:30–20:00 ET, confirming a break of the prior resistance. Support levels appear to have formed at $0.00005927 and $0.00005887, with resistance now at $0.0000614 and $0.0000619.

MACD showed a bullish crossover in the afternoon, with a positive histogram expansion confirming momentum. RSI hit 78–80, entering overbought territory, which may trigger short-term pullbacks. Bollinger Bands expanded during the rally, showing heightened volatility, with price staying near the upper band for several hours.

Fibonacci retracements from the morning low to the late-night high suggest key retracement levels at 38.2% ($0.00006026) and 61.8% ($0.00005933), both of which acted as temporary support. Volume spiked dramatically between 19:00–20:30 ET, aligning with the price breakout, suggesting strong buyer conviction. However, divergence between price and RSI in the last few hours could indicate near-term profit-taking.

The coming 24 hours may see a consolidation phase near $0.0000610–$0.0000614, with a risk of correction to $0.0000595 if RSI overbought levels trigger a pullback. Investors should watch for a break above $0.0000619, which could extend the rally, but bearish momentum could return if volume fails to support a breakout.

Backtest Hypothesis
A potential backtesting strategy could involve a long entry on a bullish engulfing pattern confirmation, with a stop-loss set just below the engulfing’s low and a take-profit at the 38.2%–61.8% Fibonacci levels. Traders could pair this with RSI divergence as an early exit signal. Given LUNC’s high volume and low liquidity characteristics, however, slippage risk remains a factor, and the strategy should be tested over multiple cycles for robustness.