Market Overview for Terra/Tether (LUNAUSDT) on 2026-01-14

Summary
• Price action shows a bullish breakout above 0.0903, forming a bullish engulfing pattern near the 0.0925 level.
• RSI signals overbought conditions, while MACD shows positive momentum with a narrowing histogram.
• Volatility expanded during the breakout, with turnover surging during the 0.092–0.0925 range.
• Bollinger Bands widen during the late-night push, indicating increased uncertainty.
• Volume remains elevated in the 0.092–0.0925 range, supporting the breakout's credibility.

The Terra/Tether pair (LUNAUSDT) opened at 0.0889 on 2026-01-13 12:00 ET and closed at 0.0912 by 2026-01-14 12:00 ET. The 24-hour high reached 0.0937, and the low was 0.0888. Total volume was 73,906,099.99, with a notional turnover of 6,756,348.4276.

Structure and Candlestick Formations

Price action formed a key bullish engulfing pattern near 0.0925, following a consolidation phase. A series of higher highs and closes above the 0.0920 level suggests strengthening buyer control. A 5-minute doji formed around 0.0913–0.0915, signaling indecision but not a reversal.

The 0.0893–0.0895 area appears to be a key support zone, frequently tested and retested with minimal breakdown risk.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are both trending upward, with price remaining above both. This supports a short-term bullish bias. On the daily chart, the 50-period MA sits at ~0.0898 and appears to be acting as a dynamic support level. The 200-period MA remains significantly lower, indicating a broader uptrend could be forming.

Momentum Indicators (MACD & RSI)

The RSI reached 73–76 during the late-night to early morning session, suggesting overbought conditions. However, price continued to move higher, indicating strong conviction. MACD showed a positive crossover with a widening histogram during the 0.092–0.0925 rally. Momentum appears to be slowing slightly but remains bullish in direction.

Bollinger Bands and Volatility

Bollinger Bands expanded during the breakout from 0.0920 to 0.0925, with price reaching the upper band. This expansion suggests an increase in volatility. During the earlier consolidation phase, bands were compressed, indicating a period of low volatility and potential breakout preparation. Price remains above the 20-period moving average and appears to be in a period of high volatility.

Volume and Turnover

Volume spiked during the 0.092–0.0925 range, confirming the breakout. The highest volume spike was seen at 0.0922 with ~1,010,675.65 volume and a turnover of 93,335.44, which supports the price move higher. Volume remains consistent across the session, with no divergences between price and volume suggesting continued conviction. The 0.0893–0.0895 area also shows consistent volume, reinforcing the support level.

Fibonacci Retracements

Fibonacci levels applied to the recent 0.0888–0.0937 swing show the 0.0920 level (38.2%) as a key support-turned-resistance and the 0.0925 level (61.8%) as a critical resistance. Price is currently consolidating near 0.0912–0.0915, below the 61.8% level but above the 50% retracement at ~0.0909. This suggests a potential pullback or consolidation could lead to a test of the next key level.

The market may attempt a test of the 0.0925–0.0930 range in the next 24 hours, but a close below 0.0905 could signal renewed bearish pressure. Investors should remain cautious of potential overbought conditions and consider managing exposure as the pair approaches key Fibonacci and psychological levels.