Terra (LUNAUSDT) Market Overview

• Price opened at $0.1576 and closed at $0.1529, showing bearish pressure over 24 hours.
• A large bearish engulfing pattern formed at $0.1626–$0.1593, signaling a likely trend reversal.
• Volume spiked to 1,083,288.37 at $0.1626, confirming bearish conviction.
• RSI dipped to oversold territory late, hinting at potential near-term rebound.

Market Overview

Terra (LUNAUSDT) opened at $0.1576 on 2025-08-24 at 12:00 ET and closed at $0.1529 by 12:00 ET the next day. The pair reached a high of $0.1633 and a low of $0.1548. Total 24-hour volume was 10,833,288.37, with notional turnover amounting to approximately $1,703,000.

Structure & Formations

The 15-minute chart displayed a strong bearish reversal pattern as price gapped down after a large bullish candle at $0.1626. This was followed by a bearish engulfing formation at $0.1626–$0.1593, suggesting a shift in momentum. A doji formed near $0.1536, hinting at indecision, while key support levels emerged at $0.1548 and $0.1523.

Moving Averages

On the 15-minute timeframe, price closed below both the 20 and 50-period moving averages, reinforcing a bearish bias. Daily data is limited, but a 50/200 EMA crossover remains neutral with price consolidating below.

MACD & RSI

MACD turned negative from around 19:00 ET, confirming bearish momentum. RSI bottomed near 30 late in the session, pointing to potential oversold conditions and a possible bounce from $0.1510–$0.1520.

Bollinger Bands

Volatility expanded significantly after 19:00 ET, with price breaking down through the lower band at $0.1559. Current price sits near the mid-band at $0.1532, with potential for a retest of the upper band on a rebound.

Volume & Turnover

Volume surged above 1 million at $0.1626, validating the bearish breakout. Subsequent declines saw volume tailing off, indicating reduced conviction. However, late selling at $0.1510–$0.1520 increased turnover, showing renewed interest.

Fibonacci Retracements

Key retracement levels at 38.2% ($0.1566) and 61.8% ($0.1530) were both tested and broken. Price may find temporary support at $0.1510–$0.1520 if the downward trend continues.

LUNAUSDT may consolidate in the $0.1510–$0.1540 range over the next 24 hours, with potential for a short-term bounce from oversold conditions. Traders should remain cautious of renewed bearish pressure, especially if volume fails to confirm a rebound.