LUNAUSDT Market Overview: 24-Hour Terra/Tether Price Action

Summary
• LUNAUSDT drifted lower with bearish bias from 12:00 ET–1 to 12:00 ET.
• Price hit 0.084 high and fell to 0.0788 low before consolidating near 0.0824.
• Strong volume spikes and divergence suggest mixed market sentiment.

Terra/Tether (LUNAUSDT) opened at 0.0838 on 2025-11-03 12:00 ET–1, reached a high of 0.084, a low of 0.0788, and closed at 0.0824 on 2025-11-04 12:00 ET. Total 24-hour volume was 9,567,402.38 and turnover amounted to 784.91 (in USD terms). The price action suggests a volatile, bearish trend with mixed confirmation from volume and price divergence.

Structure & Formations

Price action over the 24-hour period showed several key levels and candlestick patterns. The price tested multiple resistance levels near 0.084, with a failed attempt to hold above 0.0829 leading to a breakdown. Doji and spinning tops appeared frequently around 0.0806–0.0810, indicating indecision among traders. A bearish engulfing pattern formed at 0.0816–0.0808, suggesting a shift in momentum toward the downside. The price appears to be consolidating near 0.0822–0.0825, which could signal a potential support level.

Moving Averages

Using 15-minute data for the 20-period and 50-period moving averages, the 20SMA and 50SMA show a bearish crossover. The 20SMA is below the 50SMA, reinforcing the downward trend. On a daily chart, the 50/100/200-day moving averages would likely show further bearish alignment if available, but with limited 15-minute data, the 20SMA and 50SMA suggest continued pressure on the lower side for the next 24 hours.

MACD & RSI

MACD and RSI indicators are currently bearish, with the RSI hovering near 40–50, indicating a neutral to slightly oversold condition. However, the MACD remains in negative territory with no clear divergence to suggest a reversal. This implies that while the market may be oversold, bearish momentum remains intact.

Bollinger Bands

Bollinger Bands expanded during the sharp selloff, with price closing near the lower band. This volatility expansion suggests traders are reacting to news or macroeconomic factors. The price has since consolidated within the bands, which could indicate a period of range trading before a new breakout.

Volume & Turnover

Volume spiked significantly during the drop from 0.0829 to 0.081, with one candle showing 556,340.55 in volume. This suggests conviction in the bearish move. However, the price has since failed to follow through, indicating a potential exhaustion phase. Turnover was also higher during the sell-off, but diverges from the recent consolidation phase, where volume has been lower. This divergence could hint at a possible reversal or sideways movement in the near term.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing from 0.084 to 0.0788, key levels at 0.0814 (61.8%) and 0.0827 (38.2%) are currently acting as support and resistance. Price is consolidating near the 0.0821–0.0825 range, which overlaps the 38.2% retracement level. A break above 0.0827 could trigger further bullish momentum, while a break below 0.0814 could accelerate the downtrend.

Backtest Hypothesis

To test the bearish bias observed in LUNAUSDT, one could develop a backtest strategy based on the 14-period RSI and 50-period moving average. A potential signal would be a short entry when RSI crosses below 50 and the price breaks below the 50-period moving average, with a stop-loss placed above the nearest resistance (e.g., 0.0829–0.0832). A long entry may be considered when RSI moves above 50 and the price closes above the 50-period SMA, but given the current bearish momentum, this signal is less likely in the immediate future. The next key level to watch is 0.0825, where a breakout could confirm the near-term direction.