Summary
• Price rallied from $0.0000406 to $0.00004365, forming bullish engulfing and higher highs on 5-minute charts.
• Volume surged during the late ET session, confirming strength in the rally.
• RSI reached overbought territory near 75, signaling possible near-term consolidation.
• Bollinger Bands showed moderate expansion, with price near the upper band, indicating rising volatility.
• Fibonacci levels at $0.0000430 and $0.0000436 may act as near-term resistance.
Terra Classic/Tether (LUNCUSDT) opened at $0.0000406 and closed at $0.00004365 after 24 hours, reaching a high of $0.00004365 and a low of $0.0000406. Total volume amounted to 34.75 billion, with a notional turnover of $151,439.67.
Structure and Patterns
Price action during the late ET hours showed a strong bullish bias, with a key bullish engulfing pattern forming around $0.0000423. Higher highs were established after 16:30 ET, and the price remained above the 20-period moving average for most of the session. A minor bearish divergence appeared in the last 2 hours, but volume continued to support the rally.
Momentum and Volatility
The RSI climbed to overbought territory near 75, indicating potential exhaustion in the bullish trend. MACD remained positive with a narrowing histogram, suggesting slowing momentum.
Bollinger Bands expanded as price moved closer to the upper band, signaling increased volatility.
Volume and Turnover
Volume surged significantly during the peak rally, especially between 13:00 and 16:00 ET, confirming the strength of the bullish move. Notional turnover increased in tandem with price, showing no signs of divergence.
Key Levels and Outlook
Fibonacci retracement levels at $0.0000430 and $0.0000436 appear to be immediate resistance, while $0.0000425 and $0.0000420 may offer support. A test of the upper Bollinger Band and Fibonacci levels could trigger consolidation. Traders may watch for a pullback or continuation, with risks rising if the trend fails to hold above $0.0000425 in the next 24 hours.
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