Market Overview: Terra/Tether (LUNAUSDT) on 2026-01-10

Summary
• Price tested key resistance near 0.0915 but failed to hold, retreating below 0.0910.
• Volume spiked during the 09:30–10:00 ET session, coinciding with a strong upward move.
• RSI remains neutral around 50, but MACD shows bearish divergence as price rises and momentum weakens.
• Bollinger Bands expanded during the morning surge, indicating increased volatility.
• A potential 61.8% Fibonacci retracement level is forming near 0.0905, which may trigger renewed selling.

Terra/Tether (LUNAUSDT) opened at 0.0911 on 2026-01-09 at 12:00 ET, reached a high of 0.0953, a low of 0.0897, and closed at 0.0917 on 2026-01-10 at 12:00 ET. The 24-hour volume was 41,608,560.65 and turnover amounted to 3,755,115.23.

Structure & Candlestick Formations

The 5-minute chart showed a bearish engulfing pattern at 0.0914 during the early morning hours, confirming a shift in sentiment. A key support level formed around 0.0905, where price repeatedly found buyers. A bearish harami pattern emerged near 0.0915, suggesting hesitation in bullish momentum.

Moving Averages

The 20 and 50-period moving averages on the 5-minute chart remained in a tight cluster, but price closed below both, indicating bearish bias. On the daily chart, the 50- and 200-period lines are approaching a potential golden cross, which could offer support if confirmed.

Momentum and Volatility

The RSI oscillated between 40 and 60 for most of the day, with no clear overbought or oversold signals. However, the MACD histogram contracted during the afternoon, signaling weakening bullish momentum. Bollinger Bands expanded during the 09:30–10:30 ET surge, showing heightened volatility as price surged near 0.0953.

Volume and Turnover

Volume spiked sharply between 09:30 and 10:30 ET, reaching a peak of over 11.86 million, coinciding with the price high of 0.0953. Turnover surged to over 111,474.23 during that period, indicating significant participation. However, volume declined in the late afternoon and evening, despite price finding support around 0.0905, suggesting weaker conviction.

Fibonacci Retracements

Applying Fibonacci retracement to the recent swing from 0.0897 to 0.0953, the 61.8% level aligns near 0.0905. Price held above that level in the late hours, and it may act as a critical support in the next 24 hours.

Price may consolidate near the 0.0905 level in the short term, but traders should watch for a breakdown below that to signal further bearish momentum. A retest of 0.0915–0.0917 could follow, but risks remain on the downside. Investors should be cautious and watch for confirmation of support or breakdown into new lows.