Market Overview for Terra (LUNAUSDT)

• Terra’s LUNAUSDT fell to a 24-hour low of $0.1489 before a late-day rebound, forming a bullish recovery from oversold RSI levels.
• Volume spiked 3x during the afternoon session, confirming a short-covering rally as price retested key Fibonacci levels.
• A 15-minute bullish engulfing pattern emerged at $0.1507, suggesting near-term bullish momentum.
• Bollinger Band contraction in the early morning signaled low volatility, followed by expansion as breakout pressure mounted.
• Despite a sharp price recovery, RSI remains below overbought territory, indicating cautious optimism.

LUNAUSDT opened at $0.1535 on 2025-08-19 12:00 ET and reached a low of $0.1489 before closing at $0.1534 on 2025-08-20 12:00 ET. Total volume for the 24-hour period was 7,032,295.96, with a notional turnover of approximately $1,084,218. The pair exhibited a clear intra-day reversal pattern amid growing volume.

Structure & Formations

Price action revealed a bearish breakdown in the afternoon hours, with a low at $0.1489, followed by a strong reversal in the early evening. A bullish engulfing pattern formed at $0.1507, suggesting a shift in short-term sentiment. The price retested the 61.8% Fibonacci level at $0.1505 during the rally, which may act as a new support level. A doji candle near the 20-period moving average at $0.1520 further signaled indecision, but the subsequent bullish move appears to confirm bearish exhaustion.

Moving Averages

On the 15-minute chart, the 20-period MA is currently at $0.1528, while the 50-period MA is at $0.1515, suggesting a possible re-entry into a bullish bias if the 50-period MA is retested. On a broader scale, the 50-period daily MA sits at $0.1540, indicating that the current price is below key longer-term support, though the 100-period MA at $0.1565 may offer a ceiling for bearish pressure.

MACD & RSI

The MACD crossed into positive territory in the late afternoon, confirming bullish momentum. RSI reached a low of 29 in the early evening, signaling oversold conditions, and climbed back to 51 at the close. This suggests that while bearish momentum has subsided, a strong breakout above $0.1545 may require a sustained RSI push into overbought territory.

Bollinger Bands

Volatility was notably compressed in the early morning hours, with price consolidating tightly within the bands. The band width expanded after 4:00 PM ET as price moved upward, with the close near the upper band. This suggests that Terra buyers may have been active after the key support at $0.1505 was retested, and the price appears to be finding balance near the 20-period MA.

Volume & Turnover

Volume surged after 4:30 PM ET, with over 1 million LUNA traded in a 15-minute window. Notional turnover also spiked during the rally, indicating strong conviction. There was no divergence between price and volume, suggesting the rebound is backed by genuine buying pressure. However, caution is warranted if volume tapers off in the next session without a meaningful price move.

Fibonacci Retracements

Price found support at the 61.8% retracement level of the recent 15-minute swing, which was approximately $0.1505. This level appears to have been a key trigger for buying activity. On a daily chart, the 50% retracement of the larger bearish move is at $0.1535—close to the current 12:00 ET price—suggesting the pair may be consolidating within a key Fibonacci range ahead of a potential breakout.

The 24-hour session for Terra (LUNAUSDT) shows a strong reversal pattern following a bearish breakdown, supported by strong volume and MACD confirmation. While the near-term outlook appears cautiously bullish, traders should monitor the 50-period daily MA at $0.1540 and the 61.8% Fibonacci level for potential resistance and support. A failure to hold above $0.1505 could reignite bearish momentum, despite the recent recovery.