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

Summary
• Price declined from 0.1579 to 0.1206 on heavy bearish momentum.
• A bearish engulfing pattern formed near 0.1523 after a failed rebound.
• RSI approached oversold levels while volume declined, suggesting exhaustion.
• Bollinger Bands widened early before price drifted below the 20-period MA.
• Volume surged at the session high before fading, showing distribution pressures.

Terra/Tether (LUNAUSDT) opened at 0.151 on 2025-12-06 12:00 ET, reached a high of 0.1644, a low of 0.1102, and closed at 0.1206 on 2025-12-07 12:00 ET. Total volume for the 24-hour period was approximately 88,337,466.62, with notional turnover (volume × price) reaching roughly $12,840,576.

Structure & Formations

Price saw a clear breakdown from a prior consolidation range near 0.1523, marked by a bearish engulfing pattern on the 5-minute chart. The price subsequently formed a descending channel, with a critical support level forming in the 0.1102–0.1143 range. A doji near 0.1106 on the 5-minute chart suggests temporary exhaustion at the lower end.

Moving Averages

On the 5-minute chart, price closed below the 20-period MA (approx. 0.148) and the 50-period MA (approx. 0.141), reinforcing bearish momentum. Daily chart indicators show price well below the 200-period MA, signaling a longer-term downtrend.

Momentum and Volatility

MACD remained in negative territory with a bearish crossover and a shrinking histogram. RSI dipped below 30, reaching as low as 24, indicating oversold conditions. Bollinger Bands showed early volatility expansion but have since compressed as price drifted lower.

Volume and Turnover

Volume spiked to over 7.0 million at the session high near 0.1579, but dropped sharply after the failed rebound. Notional turnover followed a similar pattern, confirming the lack of follow-through buying. A divergence between price and volume suggests bearish conviction waning.

Fibonacci Retracements

A key retracement level at 0.1305 (61.8% of the 0.1102–0.1579 move) has been tested and broken. If price continues lower, a 76.4% extension target near 0.0950 may come into focus, though this level is currently speculative.

Given the current setup, a continuation below 0.1102 could test the 0.0950–0.1000 range, but traders should remain cautious of potential short-covering or stabilizing buying near oversold levels. Risk remains on the downside over the next 24 hours, with volatility likely to remain elevated.