Market Overview: LUNAUSDT (Terra/Tether) 24-Hour Analysis (2026-01-17)

Summary
• Price surged from $0.0881 to $0.0909 on strong volume and momentum.
• Key resistance appears at $0.0895–$0.0909, with potential support at $0.0895.
• Volume spikes in late afternoon ET suggest accumulation or reversal activity.
• MACD and RSI indicate overbought conditions, suggesting possible near-term pullback.
• Bollinger Bands show moderate volatility with price near the upper band in the final hours.

Terra/Tether (LUNAUSDT) opened at $0.0881 on 2026-01-16 12:00 ET, reached a high of $0.0935, and closed at $0.0905 by 2026-01-17 12:00 ET, with a low of $0.0876. Total volume was 102,245,868.86, and turnover amounted to $9,017,364.97 over 24 hours.

Structure & Formations

The price formed a bullish breakout from a consolidation range between $0.0888 and $0.0906. A large bullish engulfing pattern emerged at 19:30 ET, pushing price above prior resistance. A potential bearish doji formed at 20:30 ET, hinting at short-term exhaustion near $0.0905–$0.0906.

Moving Averages

On the 5-minute chart, price crossed above the 20 and 50-period moving averages in the late afternoon, reinforcing the bullish bias. Daily moving averages (50, 100, 200) are currently uncalculated due to lack of daily data but may provide longer-term context.

MACD & RSI

The MACD turned bullish with a positive crossover and expanding histogram after 19:30 ET. RSI rose into overbought territory (>70) during the late afternoon, indicating potential for a near-term correction or consolidation.

Bollinger Bands

Volatility increased significantly as price reached the upper Bollinger Band during the 19:30–20:00 ET window. A brief contraction occurred in the early hours of 2026-01-17, followed by a breakout and expansion.

Volume & Turnover

Volume surged during the 19:30–20:45 ET period, especially around the $0.0915–$0.0935 range, with turnover confirming the strength of the rally. A divergence appears after 22:00 ET, where volume tapers while price continues to edge upward, suggesting weakening momentum.

Fibonacci Retracements

The 5-minute swing from $0.0876 to $0.0935 shows the 61.8% level at ~$0.0905–$0.0907 as a potential support zone. If price retreats below $0.0895, the 38.2% level may offer temporary respite.

Market momentum appears strong but is at a critical overbought threshold. A pullback to test support near $0.0895–$0.0905 could offer a higher probability entry for longs. Traders should watch for volume behavior and divergences in the next 24 hours to assess the sustainability of the current rally.