Market Overview: Terra/Tether 24-Hour Analysis

Summary
• LUNAUSDT formed a bearish engulfing pattern at 0.0889 before dropping to 0.0874.
• RSI and MACD indicated oversold conditions by 19:15 ET, suggesting potential reversal.
• Volatility expanded during the 18:15–19:00 ET window, signaling a key liquidity shift.
• Price retested 0.0866 and found initial support, forming a bullish harami at 21:00 ET.
• Turnover increased 3x during the 08:15–08:45 ET rebound, aligning with price action.

The Terra/Tether (LUNAUSDT) pair opened at 0.0883 on 2026-01-15 at 12:00 ET and reached a high of 0.0892 by 12:30 ET before closing at 0.0889 as of 12:00 ET on 2026-01-16. The 24-hour trading range spanned from 0.0857 to 0.0892, with a total volume of 11,127,079.98 LUNA and a notional turnover of $987,617.54.

Structure & Moving Averages

On the 5-minute chart, LUNAUSDT broke below the 20- and 50-period moving averages during the 18:15–19:00 ET window, confirming bearish momentum. A potential support zone emerged around 0.0865–0.0866, where a bullish harami and a 61.8% Fibonacci retracement aligned. Daily MA levels suggested a retest of the 0.0874–0.0876 cluster could trigger a bounce if bulls assert control.

MACD & RSI

The MACD crossed below zero at 18:30 ET, reinforcing the bearish trend, while RSI dipped into oversold territory by 19:15 ET, hinting at a possible short-term rebound. However, RSI failed to hold above 50 during the late-night recovery, suggesting buyers remained cautious.

Bollinger Bands and Volatility

Volatility expanded significantly during the 18:15–19:15 ET session, with price breaking below the lower Bollinger band. A subsequent contraction developed from 21:00 ET onward, indicating potential consolidation. The 20-period Bollinger width reached its widest since the early morning, signaling a key volatility-driven event.

Volume and Turnover

Volume surged during the 18:15–19:15 ET decline, confirming the bearish move, and then surged again during the 08:15–08:45 ET rebound. Notional turnover spiked to $21,729.12 during that late morning rally, supporting the price increase. However, a divergence between volume and price emerged after 15:30 ET as LUNAUSDT declined despite stable turnover.

Looking ahead, LUNAUSDT may test the 0.0874–0.0866 support cluster, with a break below 0.0863 potentially opening the path to 0.0857. Bulls could look to reclaim 0.0889 as a short-term pivot. Investors should monitor for a reversal candlestick formation above 0.0886 or a breakdown below 0.0868, both of which could drive a sharp directional move.