Market Overview for Terra/Tether (LUNAUSDT) – 2025-12-08

Summary
• Price dipped from 0.1114 to 0.1035 on heavy volume, testing support near 0.1005.
• Bearish momentum intensified after 18:00 ET, with a breakdown below key 50-period MA.
• Volatility expanded in the last 12 hours, with RSI trending into oversold territory.
• Downtrend confirmed by bearish engulfing and bearish divergence in price vs. volume.

Terra/Tether (LUNAUSDT) opened at 0.1058 on 2025-12-07 at 12:00 ET, reached a high of 0.1116, and closed at 0.1035 as of 12:00 ET on 2025-12-08. Total volume for the 24-hour window was 115,797,209.63, with a turnover of approximately $11,887,203.

Structure & Formations

Price formed a bearish engulfing pattern after breaking below key support at 0.1040, confirming a potential continuation of the downtrend. A key support level appears to be forming near 0.1005–0.1010 based on repeated bounces and consolidation.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages have been below price for most of the session, with the 50-period MA acting as a bearish bias. Daily 50/100/200 MAs are aligned lower, reinforcing a broader bearish trend.

MACD & RSI

MACD turned negative mid-session, with a bearish crossover reinforcing the downward bias. RSI reached oversold levels (~30) in the last 6 hours, suggesting potential for a short-term bounce or exhaustion of the sell-off.

Bollinger Bands

Bollinger Bands have widened following the sharp decline, with price closing near the lower band. This expansion indicates heightened volatility and uncertainty in the near term.

Volume & Turnover

Volume spiked significantly during the breakdown from 0.1040 to 0.1020, with large candle bodies and low wicks confirming bearish conviction. Notional turnover followed volume closely, reinforcing price action validity.

Fibonacci Retracements

Fibonacci levels suggest a potential rebound near 0.1016–0.1020 (38.2%) but bearish momentum could target the 0.0983–0.0986 (61.8%) level in the next 24–48 hours.

The market appears to be in a bearish consolidation phase, with technical indicators and volume reinforcing the downward move. While oversold conditions could prompt a minor bounce, the broader trend remains bearish. Investors should monitor the 0.1005 level for signs of support strength and potential trend continuation.