Market Overview for Terra/Tether (LUNAUSDT) on 2025-10-10

• LUNA/USDT posted a 24-hour high of $0.1362, rebounding from a dip to $0.1314.
• Momentum remained mixed as RSI hovered in neutral territory while MACD showed narrowing bullish momentum.
• Volatility expanded as price broke above the upper Bollinger Band in the final hour, with turnover surging on the breakout.
• A bullish engulfing pattern formed at 0.1333–0.1345, suggesting potential short-term bullish continuation.
• Volume spiked above 160k in the 03:45–04:00 ET window, coinciding with a new 24-hour high.

The Terra/Tether (LUNAUSDT) pair opened at $0.1322 on 2025-10-09 at 16:00 ET and closed at $0.1347 on 2025-10-10 at 12:00 ET, reaching a high of $0.1362 and a low of $0.1314. Total 24-hour volume reached 1,993,863.45 and turnover amounted to $267,196.16. The 24-hour price action displayed a distinct bullish bias, with a late-session breakout above resistance and a surge in volume confirming the move.

Structure & Formations

Price action revealed a key bullish engulfing pattern between 16:30 and 17:00 ET on October 9, with a low of $0.1321 and a high of $0.1330, confirming a short-term reversal from bearish to bullish bias. A doji formed at 19:00 ET, indicating indecision ahead of a breakout. Key support levels were identified around $0.1325 and $0.1333, with resistance at $0.1342 and $0.135. The final 15-minute candle closed at $0.1347, forming a bullish continuation pattern.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in a bullish crossover from 19:30 to 21:30 ET. The daily chart showed the 50-period MA above the 100-period MA but below the 200-period MA, indicating a mixed signal between short-term bullish and long-term neutral bias. Price remained above all three daily moving averages in the final 12 hours of the 24-hour period.

MACD & RSI

The MACD line remained above the signal line for most of the session, with the histogram showing narrowing bullish momentum in the final hours. The RSI fluctuated between 48 and 57, staying within neutral territory, though showing slight overbought conditions near the 60-level in the final 2 hours. This suggests momentum may consolidate before breaking out further or correcting.

Bollinger Bands

Volatility expanded significantly in the final 12 hours of the session, with the upper band reaching $0.1362 and the lower band settling at $0.1333. Price spent the final 45 minutes above the upper Bollinger Band, indicating a strong breakout. The expansion of the bands suggests increased uncertainty and potential for extended moves, though caution is warranted due to overbought conditions.

Volume & Turnover

Volume and turnover correlated well in the final 4 hours of the session, with volume surging above 160k during the 03:45–04:00 ET period. A divergence appeared between volume and price in the 21:00–22:00 ET window, where volume declined while price continued to rise, indicating potential consolidation. Overall, the volume profile supported the breakout, but the divergence suggests some caution.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 15-minute swing from $0.1314 to $0.1362, key retracement levels at 38.2% ($0.1335) and 61.8% ($0.1350) were tested and held. Price briefly touched the 61.8% level before consolidating, suggesting the 0.1350–0.1355 area could act as a potential resistance cluster in the near term.

Backtest Hypothesis

Given the breakout above the 0.1345 level on strong volume, a backtest strategy could be designed to go long at 0.1345 with a stop loss at 0.1335 and a target at 0.1355–0.1360. This aligns with the bullish engulfing pattern and the 61.8% Fibonacci level. The RSI staying within neutral territory and MACD showing narrowing momentum suggest a consolidation phase may follow, but the breakout confirmation and volume pattern support the trade. A trailing stop could be applied after the first 0.0010 gain to lock in profit.