Market Overview for Terra Classic/Tether (LUNCUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 23, 2025 6:19 pm ET1min read
LUNC
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Aime RobotAime Summary

- LUNCUSDT formed a bearish engulfing pattern at 3.864e-05 on 2025-12-23, signaling short-term reversal potential.

- MACD divergence and RSI below overbought levels confirmed bearish pressure amid 3.83e-05-3.85e-05 consolidation.

- Surging volume during the 19:00-20:30 ET decline validated key support, aligning with 61.8% Fibonacci retracement levels.

- Traders now watch 3.83e-05-3.85e-05 range; breakdown could target 3.78e-05, while stability may attract buyers.

Summary
• Price formed a bearish engulfing pattern mid-session, suggesting a short-term reversal.
• Volatility expanded significantly during the early part of the session, with price dropping to 3.864e-05.
• MACD diverged from bullish momentum, while RSI remained below overbought levels, indicating potential bearish pressure.
• Volume increased during the consolidation phase, confirming key support levels around 3.83e-05 to 3.85e-05.
• A 61.8% Fibonacci retracement level coincided with the 3.86e-05 level, acting as a temporary floor.

At 12:00 ET on 2025-12-23, Terra Classic/Tether (LUNCUSDT) opened at 3.976e-05, hit a high of 4.017e-05, a low of 3.82e-05, and closed at 3.908e-05. Total volume was 104.6 million, with $2.95 million in notional turnover over 24 hours.

Structure and Key Levels


Price action revealed a bearish engulfing pattern at the start of the drop to 3.864e-05, signaling a potential short-term reversal. A consolidation phase followed as price found support near 3.83e-05 to 3.85e-05. The 3.86e-05 level coincided with a 61.8% Fibonacci retracement of the earlier bearish move, acting as a critical short-term support.

Technical Indicators


MACD showed a divergence from price, with momentum fading despite price testing key support. RSI remained below overbought levels throughout, suggesting bearish control. Bollinger Bands expanded during the early decline, indicating heightened volatility. Price closed near the lower band, consistent with continued bearish bias.

Volume and Turnover Analysis


Volume surged during the early decline, particularly between 19:00 and 20:30 ET, confirming the bearish move. Turnover also spiked as price dropped to 3.864e-05, with no significant divergence observed. Consolidation later in the session saw volume wane, suggesting reduced conviction in further downward moves.

Looking ahead, the 3.83e-05 to 3.85e-05 range may hold as near-term support. A break below this could target the next Fibonacci level at 3.78e-05. However, traders should be cautious of potential buying interest if price stabilizes in this range, as volume has already confirmed its importance.