Market Overview for Terra Classic/Tether (LUNCUSDT)

Summary
• Price tested key support near $0.000040 but bounced back with a bullish engulfing pattern.
• Volatility expanded sharply after 14:00 ET, coinciding with a 43% surge in notional turnover.
• RSI signaled overbought conditions after a late surge, suggesting potential pullback risk.
• Bollinger Bands widened as price moved to the upper band, confirming recent bullish momentum.
• Volume spiked during the 24-hour period, confirming strength in the final push above $0.000041.

The Terra Classic/Tether pair (LUNCUSDT) opened at $0.00003995 on 2025-12-16 and closed at $0.00004099 by 12:00 ET on 2025-12-17. The 24-hour range was between $0.00003882 and $0.00004347, with a total volume of 178,284,921,158.86 and a notional turnover of $7,129,870.02.

Structure & Formations

Price formed a on the 24-hour chart, forming a potential base breakout.

Moving Averages

On the 5-minute chart, price closed above the 20-period and 50-period moving averages, confirming short-term bullish momentum. On the daily chart, the 50-period SMA is at $0.00004040, with the 200-period at $0.00003920, suggesting a retest of the 200-day line is likely.

MACD & RSI

MACD crossed above the signal line at 14:00 ET, signaling renewed bullish momentum. RSI reached 68, suggesting overbought conditions and a potential pullback. A bearish divergence between price and RSI could foreshadow near-term consolidation.

Bollinger Bands

Volatility expanded as price moved to the upper Bollinger Band, confirming the bullish breakout. The band width increased from 0.0000006 at 00:00 ET to 0.0000022 by 16:00 ET, indicating a shift in market sentiment toward bullish bias.

Volume & Turnover

Notional turnover surged to $4.2 million during the 14:30–16:30 ET window, supporting the sharp price rise. Volume was unevenly distributed, with heavy buying seen in the final 6 hours. No major divergences were observed between volume and price.

Fibonacci Retracements

On the 5-minute chart, the price pulled back to the 61.8% Fibonacci level of $0.000040 before pushing higher. Daily retracements showed a potential target at $0.000043 (38.2%) and $0.000045 (23.6%), with the 50% level at $0.000041.

Price appears poised to test the $0.00004347 high of the past 24 hours, with a potential pullback to the 20-period moving average as a risk. Investors should watch for a possible consolidation phase if RSI fails to break 70 and momentum slows.