Market Overview for Terra Classic/Tether (LUNCUSDT)

• Price rose from $0.000037 to $0.000041 in 24 hours, driven by a late-day surge.
• Strong volume expansion in the final 6 hours indicates renewed buying pressure.
• RSI hit overbought territory late, suggesting potential consolidation or pullback.
• Key resistance appears at $0.000041–$0.000042; support near $0.000036–$0.000037 holds.
• Bollinger Bands widened, reflecting heightened volatility and momentum-driven trade.

Terra Classic/Tether (LUNCUSDT) opened at $0.000037 at 12:00 ET – 1, reached a high of $0.000041, and closed at $0.000041 at 12:00 ET, after trading as low as $0.000036. The 24-hour notional volume was $60.92 billion, with total turnover amounting to 1.53 billion LUNC. The price action reflected a strong upward thrust in the last half of the day, with clear signs of accumulation and momentum.

Structure & Formations

The 15-minute chart showed a series of bullish engulfing patterns in the afternoon and evening session, particularly from 19:00 to 22:00 ET. These were followed by a large bullish reversal at $0.000036, where price rebounded sharply. A key support level was confirmed around $0.000036–$0.000037, with a resistance cluster forming at $0.000041–$0.000042. A morning session low at $0.000036 appears to be the pivotal short-term support. The closing candlestick at $0.000041 suggests strong buyer control in the final session.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period moving averages were both bullish, with the 20 MA crossing above the 50 MA in the early afternoon to signal a golden cross. On the daily chart, the 50-period MA is currently at $0.000038, and the 200-period MA at $0.000036, suggesting the pair is approaching a possible retest of its 200-day support. This confluence may influence the next directional bias.

MACD & RSI

The MACD line crossed above the signal line in the late afternoon, confirming a bullish divergence. RSI surged to 68 by the close of the day, nearing overbought territory (70). While this does not necessarily signal a top, it does indicate that momentum is reaching a peak. A pullback could be expected if the RSI fails to sustain above 65.

Bollinger Bands

Bollinger Bands expanded in the last 6 hours of the session, indicating rising volatility. The price closed just below the upper band at $0.000041, suggesting a strong move toward the upper boundary. A reversal near the band may prompt a short-term correction. However, a break above the upper band could validate a new bull phase.

Volume & Turnover

Volume and turnover spiked in the final 6 hours of the 24-hour period, with the last hour alone seeing over $12 billion in notional turnover. The price action and volume were in strong alignment, as rising volume confirmed the bullish thrust. No significant divergence was observed between price and volume, reinforcing the strength of the recent move.

Fibonacci Retracements

Applying Fibonacci levels to the recent swing from $0.000036 to $0.000041, the 38.2% retraction is at $0.000038 and the 61.8% at $0.000039. These levels may act as dynamic support/resistance in the near term. The current close near $0.000041 suggests a potential retest of the 61.8% level or a consolidation phase at that level before further upward movement.

Backtest Hypothesis

The described backtesting strategy likely targets breakout trades using a combination of volume, RSI, and MACD confirmations. Given today's strong volume spike and bullish MACD crossover, a breakout above the $0.000041 resistance could be a valid setup for a long trade. A stop-loss below the 61.8% Fibonacci level at $0.000039 could limit risk. The overbought RSI suggests caution, but in the context of strong volume and a clean close near the upper band, a short-term extension of the move appears plausible. This setup aligns well with the backtest hypothesis, which emphasizes confirmation of momentum through divergence and volume spikes.