Market Overview for Terra/Tether (LUNAUSDT): 24-Hour Technical Breakdown

• LUNAUSDT posted a 0.14% gain at 0.1431, reaching 0.1453 after a bullish afternoon push.
• Momentum picked up in early ET hours, with RSI near 50 suggesting moderate buyer enthusiasm.
• Volatility expanded during peak trading, with price breaching upper Bollinger Bands at 0.145.
• Volume spiked to 883,133 at 19:00 ET, aligning with a 0.35% upward move.
• A bullish engulfing pattern formed around 19:15 ET, signaling short-term upside potential.

The Terra/Tether (LUNAUSDT) pair opened on 2025-10-02 at 0.1419, reached a high of 0.1453, and closed at 0.1431 on 2025-10-03 at 12:00 ET. Total trading volume for the 24-hour period was approximately 4.93 million units, while notional turnover amounted to roughly $698,000. Price action showed a strong bullish bias during the early ET hours, with a sharp upward move that formed a bullish engulfing pattern at 19:15 ET.

Structure and candlestick formations suggest that key support levels emerged around 0.1430 and 0.1420, with 0.1410 appearing as a critical psychological floor. On the resistance side, 0.1450 and 0.1460 acted as meaningful ceilings, with a failed attempt to breach the 0.1460 level indicating a temporary pause in momentum. A doji formed near 0.1445 at 22:00 ET, hinting at indecision and possible consolidation before a reversal.

The 15-minute chart showed LUNAUSDT above its 20-period moving average, which is aligned with a slight bullish bias. The 50-period line offered minor resistance but was briefly pierced during the afternoon rally. MACD crossed above zero with a modest histogram, reflecting a modest increase in bullish momentum. RSI hovered around 50 most of the session, indicating balanced pressure between buyers and sellers. However, a brief overbought reading near 60 at 19:00 ET suggested a temporary surge in buying interest.

Bollinger Bands expanded during the early to mid-ET session, with price touching the upper band at 0.1453 before retracing. This expansion suggests increased volatility and a higher probability of a mean reversion trade back toward the 0.1430–0.1440 range. Volume and turnover were positively aligned during the early ET hours, with a sharp rise in trading activity coinciding with price action above the 0.1440–0.1450 range. A divergence was noted at the close, where volume dipped despite a modest price gain, raising questions about sustainability.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on bullish engulfing patterns confirmed by a close above the upper Bollinger Band, with a stop-loss placed just below the prior swing low. This setup would aim to capture continuation moves during strong momentum phases. The RSI crossing above 50 could serve as a secondary confirmation signal, while a move back below the 20-period moving average would trigger a trailing stop. This approach would seek to balance risk and reward, capitalizing on short-term bullish bias while maintaining disciplined risk management.