Summary
•
formed bearish momentum with a 14.7% drop in 24 hours and confirmed weakness near 3.93e-5.
• Volume surged 4.4x above the 5-day average during the breakdown, supporting price action.
• RSI remains in oversold territory at 28, suggesting potential for near-term bounce but no reversal signal.
• A potential 61.8% Fibonacci level near 3.74e-5 may offer a short-term floor.
LUNCUSDT opened at 3.932e-5 on 2025-12-29 at 12:00 ET, reached a high of 3.941e-5, a low of 3.722e-5, and closed at 3.745e-5 by 12:00 ET on 2025-12-30. Total volume was 30,826,332,994.19, and turnover amounted to 1,167,513.93 USDT.
Structure & Formations
Price action displayed a bearish breakdown from the 3.93e-5 resistance cluster, confirmed by a long-bodied bearish candle on 2025-12-29 at 21:00 ET. A potential support level forms at 3.72e-5 following a failed rebound from that level on 2025-12-30 at 14:45 ET.
MACD & RSI
The 5-minute RSI has remained in oversold territory for most of the session, with a reading of 28 at the 24-hour close. MACD is negative but narrowing, suggesting slowing bearish momentum.
. The 12/26 MACD line crossed below the signal line early in the breakdown, reinforcing the bearish bias.
Bollinger Bands
Volatility expanded as price fell below the 20-period lower Bollinger Band during the 2025-12-30 02:15 ET–02:45 ET window. Price has since remained compressed within the bands, indicating a possible continuation of the trend rather than a reversal.
Volume & Turnover
Volume spiked during the breakdown, particularly between 02:15–03:00 ET, with a 5-minute volume of 5.6 billion at 02:15 ET. This suggests order-block accumulation or forced selling. Turnover aligned with volume, showing no divergence between price and volume, supporting the bearish narrative.
Fibonacci Retracements
A 61.8% Fibonacci retracement level of the 2025-12-29 high of 3.941e-5 to the 2025-12-30 low of 3.722e-5 sits at 3.776e-5. This level may offer short-term support. A 38.2% retracement level at 3.831e-5 is now acting as resistance.
While a bounce off the 3.74e-5 level appears possible, further downside into 3.71e-5 is a risk if the 3.74e-5 support fails. Investors should remain cautious for any signs of divergence in momentum or reversal patterns.
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