Market Overview for Terra Classic (LUNCUSDT) – 2025-08-25

• Terra Classic (LUNCUSDT) dropped below key support of $0.0000615, signaling bearish momentum.
• A bearish engulfing pattern formed during the overnight session, confirming selling pressure.
• Volatility expanded sharply after 19:00 ET with price falling ~2.6% in 90 minutes.
• RSI entered oversold territory below 30, suggesting potential near-term reversal.
• Volume spiked over $5.2 billion during the selloff, confirming weakness in the move.

Terra Classic (LUNCUSDT) opened at $0.00006065 on 2025-08-24 12:00 ET, peaked at $0.00006246, and closed at $0.00005863 by 2025-08-25 12:00 ET, with a daily low of $0.00005808. Total volume reached 33.64 billion units, and notional turnover was approximately $1.97 billion, a 37% increase from the prior 7-day average.

Structure & Formations

Price action formed a bearish engulfing pattern around 19:45 ET, confirming breakdown below $0.0000615. A doji appeared near $0.0000597 as buying interest briefly emerged but failed to hold. Key support levels identified include $0.0000615 (50% retracement), $0.0000595 (38.2% retracement), and $0.0000580 (prior 7-day low). Resistance near $0.0000625 may cap short-term rallies.

Moving Averages

On the 15-minute chart, LUNCUSDT closed below both the 20-period (EMA $0.0000605) and 50-period (EMA $0.0000611) moving averages, reinforcing bearish sentiment. On a daily basis, the 200-period MA is at ~$0.000064, indicating a medium-term downtrend. The price is currently 7.6% below its 50-day moving average.

MACD & RSI

The MACD turned negative and crossed below the signal line after 19:00 ET, indicating weakening bullish momentum. RSI dipped to 28 on the 15-minute chart, entering oversold territory, which may suggest a short-term bounce or consolidation. However, RSI remains below 40 on the daily chart, implying ongoing bearish control.

Bollinger Bands

Volatility expanded sharply during the selloff, with Bollinger Bands widening to a 4.5% range. Price closed near the lower band at $0.00005863, indicating exhaustion in the current move. A potential rebound to the 20-period SMA (~$0.0000605) could see a temporary pullback.

Volume & Turnover

Volume spiked to $5.29 billion at 19:45 ET, coinciding with the breakdown below $0.0000615, and remained elevated throughout the selloff. Notional turnover exceeded $1.9 billion during the 24-hour period, a 37% increase from the prior week. Price and turnover aligned during the sell-off, indicating genuine bearish conviction.

Fibonacci Retracements

The recent 15-minute swing from $0.00006246 to $0.00005808 shows 38.2% and 61.8% retracement levels at $0.00006026 and $0.00005917, respectively. These levels may act as pivot points in the near term. Daily Fibonacci levels suggest a potential retest of $0.0000580 (61.8% of the last major daily move) before any meaningful recovery.

Terra Classic may find near-term support at $0.0000595 and could consolidate in the $0.0000580–$0.0000615 range. However, a break below $0.0000580 may trigger further downside. Investors should monitor for a rejection at $0.0000595 and divergences in RSI or volume to assess reversal potential.