Market Overview: Terra (LUNAUSDT) 24-Hour Price Action and Technical Analysis

• Terra (LUNAUSDT) fell sharply through key support levels during the early New York session, hitting a 24-hour low of $0.1609.
• A bearish divergence formed between price and volume as turnover increased while price continued lower, signaling potential exhaustion.
• RSI reached oversold territory (<30) by the morning, hinting at potential near-term buying interest. • Volatility expanded significantly in the early hours, with Bollinger Bands widening as Terra traded in a broad range. • A bullish reversal pattern emerged in the final hour of the 24-hour window, suggesting possible short-term stabilization.

Terra (LUNAUSDT) opened at $0.1766 (12:00 ET − 1) and fell to a 24-hour low of $0.1609 before closing at $0.1696 at 12:00 ET. Total 24-hour volume reached 10.3 million LUNA, with notional turnover of approximately $1.74 million.

Structure & Formations

The 24-hour chart showed a strong bearish bias, with Terra breaking through multiple support levels, including the 0.1733–0.1726 cluster. A key low at $0.1609 formed in the early morning, which could act as a near-term support zone. A potential bullish reversal pattern developed in the final hour of the period, with a strong close near the high of the session.

Moving Averages

On the 15-minute chart, price closed below both the 20-period and 50-period moving averages, confirming the bearish momentum. The daily chart shows price continuing to trade below the 50-, 100-, and 200-period MAs, indicating a medium-term downtrend remains intact.

MACD & RSI

The MACD line remained below the signal line throughout the session, with negative divergence in the final hours, suggesting bearish momentum is slowing. RSI dropped into oversold territory (below 30) in the morning, hinting at potential short-term bounce. However, a strong close above $0.1700 may be needed for a convincing reversal.

Bollinger Bands

Volatility spiked early in the session, with Bollinger Bands widening as price traded in a wide range between $0.1609 and $0.1749. By the final hours, price had consolidated closer to the middle band, indicating a potential recentering of volatility and possible short-term equilibrium.

Volume & Turnover

Volume surged during the bearish breakdown in the early morning, with the largest 15-minute candle showing 1.1 million LUNA traded. However, as price continued lower, volume began to wane, indicating weakening bearish conviction. Turnover and price diverged slightly in the later hours, suggesting a potential shift in market sentiment.

Fibonacci Retracements

Key Fibonacci levels from the recent high of $0.1749 to the low of $0.1609 were tested throughout the session. Price found temporary support at the 61.8% retracement level (~$0.1665), and the final candle closed near the 50% level (~$0.1676), suggesting a possible bounce from these key levels.

Terra (LUNAUSDT) may test $0.1665–$0.1675 in the next 24 hours as potential support, with a break above $0.1720 signaling a possible short-term recovery. However, a retest of the $0.1609 low could still occur if bears regain control. Investors should closely watch volume and RSI for signs of trend exhaustion or continuation.