Terra/Tether Market Overview for 2025-11-05

Summary
• Terra/Tether (LUNAUSDT) traded in a tight range overnight before breaking out to new 24-hour highs near $0.0805.
• Volume surged in the morning as price found support around $0.0790 and reversed sharply higher.
• RSI showed strong momentum with a push toward overbought territory, signaling potential for a correction.

Terra/Tether (LUNAUSDT) opened at $0.0809 on 2025-11-04 at 12:00 ET, reached a high of $0.0813, and closed at $0.0803 by 12:00 ET on 2025-11-05. The total 24-hour volume was 16,212,838.01 with a notional turnover of $1,303,282.26.

Structure & Formations

Price tested key support levels at $0.0790 and $0.0775 before breaking decisively to the upside. A bullish engulfing pattern formed around 17:00 ET as a bearish candle was followed by a larger bullish one. A doji appeared at 21:45 ET, indicating indecision before a strong rally. Resistance is now consolidating at $0.0805–$0.0810, while support remains at $0.0790.

Moving Averages

On the 15-minute chart, price remains above both 20 and 50-period moving averages, suggesting bullish momentum. Daily MAs show a more neutral stance, with the 50 and 200-day lines overlapping at $0.0802.

MACD & RSI

The MACD crossed above the signal line late in the session, confirming bullish momentum. RSI pushed into overbought territory, hitting 68–70, which may signal a near-term pullback. However, a strong volume profile suggests buyers are willing to defend recent highs.

Bollinger Bands

Price traded within the Bollinger Bands for most of the session, with a recent break above the upper band at $0.0807–$0.0810. Volatility expanded during the morning rally, and the bands widened accordingly. A consolidation within the bands is expected in the next 24 hours.

Volume & Turnover

Volume surged during the 19:00–21:00 ET period as price reversed off the $0.0790 support level. Turnover aligned with this volume, indicating strong conviction behind the move higher. However, divergence appears in the last 30 minutes as volume decreased while price remained elevated, suggesting a possible pause in buying pressure.

Fibonacci Retracements

On the 15-minute chart, price retested the 61.8% Fibonacci retracement level at $0.0800 before pushing higher. On the daily chart, the 38.2% level at $0.0803 has acted as a recent pivot. A break above $0.0810 would align with the 61.8% level, indicating a stronger trend continuation.

Backtest Hypothesis

To evaluate the viability of a mechanical RSI-based strategy for Terra/Tether, a backtest using a simple “buy when RSI > 70, sell when RSI < 70” approach could provide insights into the asset’s behavior under overbought conditions. However, due to the complexity of ticker evolution post-2022 (e.g., LUNC, LUNA2, or other variants), it's critical to confirm the exact symbol you use on your preferred exchange or data source. Once verified, this strategy can be applied from the earliest available data up to today, offering a clear view of how Terra/Tether might respond to overbought RSI readings in real market conditions.