Summary
• Price dropped 2.2% on 24-hour 5-minute data, closing below key support at $0.0000435.
• Volatility spiked in early ET hours, with a low at $0.0000428 after a sharp decline.
• RSI hit oversold territory by late ET, signaling potential for near-term bounce.
• Turnover exceeded $165M, suggesting increased liquidity but no clear directional bias.
• A bearish engulfing pattern formed after 17:00 ET, reinforcing short-term bearish momentum.
Terra Classic/Tether (LUNCUSDT) opened at $0.00004422 on 2026-01-14 at 12:00 ET, hit a high of $0.00004426, a low of $0.00004172, and closed at $0.00004330 at 12:00 ET on 2026-01-15. Total volume reached 8.19 billion LUNC, with a 24-hour turnover of $345.4 million.
Structure & Formations
Price action on the 5-minute chart displayed a bearish breakdown below the $0.0000435 support level, confirmed by a bearish engulfing pattern after 17:00 ET. A doji formed near $0.0000435, indicating indecision. Key resistances are seen at $0.0000440 and $0.0000445, with support at $0.0000428 and $0.0000425. A Fibonacci 61.8% retracement level at $0.0000429 may act as near-term support.
Moving Averages and Momentum
Short-term averages (20/50-period 5-minute) dipped below the price, reinforcing the bearish bias. MACD showed a bearish crossover with negative divergence, while RSI hit 27 by early morning ET—overbought conditions were absent, but oversold levels suggested possible near-term reversal.
Volatility and Volume
Bollinger Bands expanded during the decline, with price testing the lower band at $0.0000428. Volume spiked during the selloff, confirming the bearish move, but failed to follow through with a strong rebound afterward. Turnover remained elevated in the 15:00–19:00 ET window, indicating increased participation.
Future Outlook and Risk
A rebound above $0.0000435 may trigger retracement attempts toward $0.0000440, but a close below $0.0000428 could accelerate the decline. Investors should monitor volume confirmation and watch for a bullish reversal candle near key support. As always, sharp volatility remains a risk for the next 24 hours.
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