Market Overview: Terra/Tether (LUNAUSDT) 24-Hour Analysis

• Price surged from 0.1342 to 0.1418 on heavy volume, forming bullish continuation patterns.
• RSI reached overbought territory, indicating potential pullback, while MACD showed strong positive momentum.
• Volatility expanded significantly, with price breaking above key resistance levels and moving beyond the upper Bollinger Band.
• Notional turnover spiked during the late-night buying wave, confirming strength in the rally.
• Key support at 0.1380 was tested multiple times but held, with Fibonacci 61.8% aligning with a prior high near 0.1392.

Price Summary and Market Behavior

Terra/Tether (LUNAUSDT) opened at 0.1342 on 2025-09-30 12:00 ET, surged to a high of 0.1418, and closed at 0.1412 as of 2025-10-01 12:00 ET. The 24-hour period saw a total volume of 15,973,174.76 and notional turnover of $2,185,695.19. The price action displayed strong bullish momentum, especially during the late-night and early-morning hours, where large-volume candles closed near highs.

Structure & Formations

Bullish engulfing patterns emerged between 02:15 and 03:45 ET, signaling strong buying pressure. Key resistances were at 0.1375, 0.1392, and 0.1418, with the latter being broken decisively. A strong support level at 0.1380 was tested multiple times, most recently at 06:15 ET, and held firm. A doji formed at 08:15 ET, suggesting potential exhaustion, but the trend remained intact.

Technical Indicators and Momentum

MACD crossed above the zero line, and both the fast and slow lines showed rising momentum, reinforcing the bullish trend. The RSI reached overbought territory (74) at 09:15 ET, indicating a potential near-term consolidation. Bollinger Bands expanded, and the price closed near the upper band at 0.1418, signaling high volatility. The 20-period and 50-period moving averages both sloped upward, with price above both, suggesting continued bullish bias.

Backtest Hypothesis

Given the observed patterns and confirmed breakouts above key resistance levels, a potential backtesting strategy could involve a long bias triggered on a close above the 0.1392 Fibonacci 61.8% level, with a stop-loss placed below the 0.1380 support. A trailing take-profit could be used once the RSI shows overbought divergence, or a fixed target at the upper Bollinger Band. Given the strong volume confirmation during the breakout, this strategy could be tested for entry timing around 03:30–04:30 ET when the price was consolidating before the final leg up. This approach aligns with the observed continuation patterns and high conviction in the bullish move.