Market Overview for Terra Classic/Tether (LUNCUSDT): October 3, 2025

• Price surged to a 24-hour high of $0.00005758 before retreating to close near $0.00005624.
• High volume observed during midday ET rally, signaling potential short-term strength.
• RSI suggests overbought conditions at peak, raising likelihood of a pullback.
• Bollinger Bands show moderate volatility with price near the upper band during key bullish moves.
• A bullish engulfing pattern emerged at the 19:45 ET candle, hinting at potential follow-through buying.

LUNCUSDT opened at $0.00005644 on October 2 at 12:00 ET, peaked at $0.00005758, and closed at $0.00005624 on October 3 at 12:00 ET. Total 24-hour trading volume reached 14,086,649,097.34 and notional turnover amounted to $807,469. The pair exhibited a strong rally in the late afternoon and evening hours, followed by consolidation overnight.

The price action formed a bullish engulfing pattern at 19:45 ET, suggesting potential bullish momentum. Resistance appears to cluster around $0.0000575–$0.0000576, with support at $0.0000560–$0.0000562. The 20-period and 50-period moving averages are closely aligned, suggesting a potential shift in trend. The candlestick structure indicates a possible continuation of the rally, but bearish retracements may test key support levels before further upside.

RSI reached 68.6 at the peak, signaling overbought conditions and suggesting a potential near-term correction. MACD showed a strong positive crossover with a rising histogram, reinforcing bullish momentum. Bollinger Bands expanded during the rally, with prices staying near the upper band, indicating heightened volatility. Price action may retrace toward the midband (~$0.0000569) before finding direction again.

Volume surged during the late afternoon rally, with turnover spiking at $0.00005758. This confirms the bullish breakout rather than indicating a divergence. Fibonacci retracements from the 19:45 ET high point to key levels: 38.2% at ~$0.0000571 and 61.8% at ~$0.0000565. A test of these levels may occur before a decision on trend continuation is made.

Backtest Hypothesis: The backtesting strategy involves entering a long position on LUNCUSDT at the close of a bullish engulfing pattern, with a stop-loss set 1.5% below the entry and a take-profit at the 38.2% Fibonacci retracement level. Given the observed pattern and confirmed volume, this approach may yield a positive risk-reward ratio over the next 24–48 hours.