Market Overview for Terra/Tether (LUNAUSDT) – 24-Hour Technical Summary

Summary
• Price surged to $0.1003 before consolidating near $0.0965–0.0970.
• Volume spiked during the bullish breakout but declined in later hours.
• RSI suggests moderate momentum with no clear overbought/oversold signals.
• Bollinger Bands show narrowing volatility prior to the upward move.
• A bullish engulfing pattern formed on the 5-minute chart at the start of the rally.

Market Overview

Terra/Tether (LUNAUSDT) opened at $0.0951 on 2026-01-03 12:00 ET, reaching a high of $0.1003 before closing at $0.0973 as of 12:00 ET on 2026-01-04. The pair traded within a range of $0.0949–0.1003 over the 24-hour period. Total volume amounted to 46,895,658.19 units, with a notional turnover of $4,504,050.55.

Structure & Formations

A bullish engulfing pattern emerged at 18:30 ET, marking a key reversal point. Price found support at $0.0963–0.0965 multiple times during the consolidation phase, indicating a potential short-term floor. Resistance appears to have formed at $0.0975–0.0978, where the price stalled on several occasions. A doji formed near $0.0968 at 16:30 ET, signaling indecision after a recent rally.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart were both bullish during the morning hours, supporting the upward trend. However, by the evening, the 50-period line began to flatten, suggesting weakening momentum. On the daily chart, the 50-period MA is above the 100-period and 200-period MAs, reinforcing a longer-term bullish bias.

MACD & RSI

The MACD turned positive during the morning surge, aligning with the price movement. However, it has since flattened, indicating a possible slowdown. RSI oscillated between 55 and 65 during the 24-hour window, showing moderate bullish momentum without entering overbought territory. No clear oversold readings were observed, suggesting the move remains within normal bounds.

Bollinger Bands

Volatility contracted between 02:00 and 10:00 ET, with the bands narrowing and price hovering around the 20-period MA. This was followed by a sharp expansion as price broke out to the upside. Currently, the price sits near the middle band, indicating a potential pause in the move. The width of the bands suggests a potential continuation if the breakout holds.

Volume & Turnover

Volume surged during the breakout phase, particularly between 18:00 and 19:00 ET, with a 5-minute bar showing over 9.67 million units traded. However, volume has since decreased, with several bars showing under 300,000 units. Turnover followed a similar pattern, peaking at $97,334.79 during the breakout before easing. No clear divergence between price and volume was observed.

Fibonacci Retracements

On the 5-minute chart, price retraced to the 61.8% level of the morning rally before finding support. The 38.2% and 61.8% retracement levels appear to be acting as dynamic support and resistance in the $0.0965–0.0978 range. On the daily timeframe, the 38.2% level appears to be a key area to watch for potential bounce or rejection.

The pair may test resistance at $0.0978–0.098 in the near term if buyers continue to step in. A breakdown below $0.0963 could trigger a retest of the $0.0958–0.0961 support cluster. Investors should remain cautious of potential divergence in volume or a flattening in momentum, which could signal an exhaustion phase.