Market Overview: Terra/Tether (LUNAUSDT) 24-Hour Analysis

Summary
• Price declined from $0.1132 to $0.1062 over 24 hours, forming bearish engulfing patterns.
• RSI entered oversold territory near 30, signaling potential short-term rebound.
• Volatility expanded after a consolidation phase, with volume spiking during the downward move.
• Bollinger Bands widened as price dropped below the 20-period MA, suggesting bearish momentum.
• Key Fibonacci retracement levels at $0.1105 and $0.1085 acted as temporary resistance during rebound attempts.

The Terra/Tether (LUNAUSDT) pair opened at $0.1109 on 2025-12-19 at 12:00 ET and closed at $0.1062 on 2025-12-20 at 12:00 ET, with a high of $0.1146 and a low of $0.1056. Total volume over 24 hours was 86,412,236.68, and notional turnover was $9,168,101.85.

Structure & Formations

Price action revealed bearish pressure throughout the 24-hour window, particularly after an early morning reversal from $0.1132. A bearish engulfing pattern emerged at the peak, followed by a series of lower highs and lower lows. A doji appeared near $0.1070, indicating indecision, but was quickly followed by another leg lower. Key support levels at $0.1085 and $0.1070 were retested multiple times but failed to hold.

MACD & RSI

The RSI dropped to 29 by 2025-12-20 14:00 ET, signaling oversold conditions, though without a clear reversal signal. MACD showed bearish divergence with price, with the histogram shrinking in magnitude as the price continued lower. This suggests a weakening of the bearish momentum, but not necessarily a reversal.

Bollinger Bands

Volatility expanded as price broke below the 20-period moving average and drifted near the lower band. The widening of the bands during the decline reflected increased uncertainty and aggressive selling. The consolidation phase earlier in the day had shown a contraction in volatility, followed by a sharp break lower.

Volume & Turnover

Volume spiked sharply during the downward leg, especially between 19:15 and 20:30 ET, when the price dropped from $0.1132 to $0.1115. Turnover mirrored this trend, with heavy selling observed in the $0.1115 to $0.1095 range. The divergence between declining prices and volume during the 03:00–05:00 ET session hinted at possible exhaustion in the short-term bearish move.

Fibonacci Retracements

Fibonacci levels derived from the $0.1146 high and $0.1056 low showed key retracement levels at $0.1105 (38.2%) and $0.1085 (61.8%). Both levels acted as temporary resistance during rebound attempts but were ultimately broken as bearish momentum persisted.

In the near term, price may find support at the $0.1065–$0.106 level, where Bollinger Bands and Fibonacci levels converge. A rebound above $0.1085 could signal short-term stabilization, but bearish momentum remains strong. Investors should monitor volume and RSI for early signs of a potential reversal, while being cautious of further downside if sentiment remains bearish.