Market Overview for Terra/Tether (LUNAUSDT) on 2025-11-10

Summary
• Price closed at 0.0920, up from 0.0899, with a high of 0.0929 and a low of 0.0890.
• Volume spiked above 500,000 in the afternoon before retreating, suggesting mixed sentiment.
• RSI and MACD showed bullish momentum but no overbought conditions as of 12:00 ET.
• Bollinger Bands widened in the midday session, indicating rising volatility.
• A bullish engulfing pattern formed between 05:30 and 05:45 ET, signaling potential short-term strength.

Terra/Tether (LUNAUSDT) opened at 0.0899 on 2025-11-09 at 12:00 ET, reached a high of 0.0929, touched a low of 0.0890, and closed at 0.0920 as of 12:00 ET on 2025-11-10. The 24-hour volume totaled 12,068,687.06, and the notional turnover amounted to approximately $1,094,250, calculated using the average price.

Over the last 24 hours, LUNAUSDT has shown a clear upward bias with key resistance forming around the 0.0920–0.0929 range and a critical support level at 0.0900–0.0899. A bullish engulfing pattern emerged just before 06:00 ET, suggesting short-term buyers may be in control. However, price action has remained within the upper half of the Bollinger Band, indicating a potential pullback in the near term.

The 20-period and 50-period moving averages have crossed into positive territory, aligning with the upward momentum. The RSI, at 54–56, remains in balanced territory, while the MACD has formed a narrow histogram, suggesting a consolidation phase. A break above the 0.0930 level could signal a stronger bullish move, while a drop below 0.0900 may re-trigger bearish pressure.

Bollinger Bands have widened significantly since early afternoon, a sign of increased volatility. The price has hovered near the upper band for much of the session, suggesting traders may be testing resistance. A 38.2% Fibonacci retracement level sits at 0.0919, and the 61.8% level is around 0.0911, offering potential entry or exit levels for short-term traders.

The volume profile shows a strong spike above 500,000 at midday, followed by a more measured flow of volume in the late afternoon and early evening. Turnover mirrored these patterns, with a notable divergence between price and volume seen in the 09:00–10:00 ET window—price continued higher while volume eased. This may indicate waning enthusiasm unless buyers step in with greater conviction.

Backtest Hypothesis
The backtest strategy relies on detecting the Bullish-Engulfing candlestick pattern for entry points. However, in this case, the system could not find any precomputed Bullish-Engulfing data for the LUNAUSDT ticker. Possible reasons include data unavailability or the absence of a precomputed indicator. If the user chooses the “let me detect the pattern from raw prices (experimental)” option, a direct analysis of the OHLC data can be performed to identify pattern occurrences on-the-fly. This method, while time-consuming, would avoid dependency on third-party data and offer a more accurate test of the pattern’s efficacy in the context of LUNAUSDT’s 15-minute chart. This approach is particularly relevant given the recent emergence of a potential Bullish-Engulfing at 05:30–05:45 ET.