Market Overview for Terra Classic/Tether (LUNCUSDT) as of 2025-12-22

Summary
• Price formed a support at $0.0000395, suggesting potential reversal.
• Momentum waned in RSI with a midday pullback, indicating bearish exhaustion near $0.0000405.
• Volatility expanded after 17:45 ET, with volume surging past $22B and price reaching a 24-hour peak at $0.00004186.
• Bollinger Bands showed contraction pre-breakout, followed by a sharp price move above the upper band.
• Turnover and volume aligned with the 19:00–21:00 ET rally, confirming strength in the upward move.

Terra Classic/Tether (LUNCUSDT) opened at $0.0000395 at 12:00 ET − 1, reached a high of $0.00004186, and closed at $0.00003989 by 12:00 ET. The 24-hour low was $0.0000394. Total volume amounted to ~$23.2B, with notional turnover reaching ~$101.9M.

Structure & Formations

A bullish engulfing pattern formed near $0.0000395 after a 24-hour low, suggesting a potential short-term reversal. The price rebounded from this level with increasing volume and closed above the prior candle’s high. A key resistance appears at $0.0000405, where the price showed bearish rejection in the midday period.

Moving Averages

The 5-minute 20- and 50-period moving averages crossed above the price during the midday rally, reinforcing upward momentum. On the daily chart, the price remains below the 200-day moving average, indicating a broader bearish bias.

MACD & RSI

The MACD crossed into positive territory during the 17:45–19:00 ET rally and remained above zero through the close. RSI reached a peak of 56.2, indicating moderate strength, followed by a pullback into neutral territory. This suggests that while bullish momentum is present, overbought conditions have not yet developed.

Bollinger Bands

Price action began with a contraction in Bollinger Band width during the pre-breakout phase, followed by a sharp expansion as price moved above the upper band. This suggests a breakout may have occurred, and volatility remains elevated.

Volume & Turnover

Volume spiked to over $22B during the 17:45–20:00 ET period, coinciding with the price reaching a 24-hour high. Turnover closely tracked this volume, confirming the strength of the rally. A divergence appeared in the late evening when volume declined despite a continued price attempt to break higher, suggesting caution for near-term continuation.

Fibonacci Retracements
On the 5-minute chart, price retested the 61.8% Fibonacci retracement level at $0.0000405 before retreating. This level coincided with a prior resistance and may act as a key pivot for the next 24 hours. On the daily chart, the 38.2% retracement sits at $0.0000414 and could offer resistance should the bullish trend continue.

In the next 24 hours, Terra Classic could test $0.0000405 again, with a possible breakout if volume confirms strength above this level. However, a pullback into $0.0000395 could trigger renewed selling pressure, particularly if RSI enters oversold territory. Investors should monitor the 20- and 50-period moving averages for signs of a bearish crossover, which would suggest a potential reversal.