Market Overview for Terra/Tether (LUNAUSDT)

Summary
• Price surged from 0.1014 to 0.1716 amid sharp volume expansion.
• A bullish engulfing pattern formed near 0.1014 before the rally.
• Volatility expanded significantly during the late-ET breakout.
• Momentum accelerated with RSI approaching overbought levels.
• Turnover spiked sharply with high-volume candle at 0.1578.

24-Hour Price and Volume Summary

At 12:00 ET on 2025-12-09, Terra/Tether (LUNAUSDT) opened at 0.1014, reached a high of 0.1750, and closed at 0.1716 after a 24-hour rally. The pair traded within a range of 0.1014–0.1750, with total volume of 233,170,238.18 and turnover of $39,316,379.36. The price action reflected a strong reversal and a breakout above key resistance.

Structure and Candlestick Patterns

An early morning bullish engulfing pattern emerged around 0.1014, signaling a potential reversal. Price then tested lower support levels before launching a sharp upward move. A key breakout candle at 0.1578 saw heavy volume and closed near the high, suggesting strong institutional participation. Bollinger Bands expanded significantly during the rally, reflecting rising volatility and bullish momentum.

Moving Averages and Momentum

The 5-minute chart showed price surging well above the 20 and 50-period moving averages, confirming a sharp shift in bias. On the daily chart, price is above the 50 and 100 SMA but still below the 200 SMA, suggesting a medium-term uptrend may be forming. The MACD crossed into positive territory with a large histogram, reinforcing the strength of the rally. RSI accelerated toward overbought territory, indicating a potential pullback may be near.

Volume and Turnover Insights

Volume and turnover surged late in the 24-hour period, particularly with the 16:15 ET candle, which recorded a high of 0.1632 and a massive volume of 22,527,598.18. This candle confirmed strong accumulation. Earlier volume was relatively lower, creating a positive divergence between price and volume before the breakout. The surge in turnover suggests increased participation and conviction in the upward move.

Fibonacci Retracements and Key Levels

Fibonacci retracements of the early-ET downswing identified 0.1014 as the 38.2% level and 0.1033 as the 61.8% level, both of which acted as support. During the upward breakout, 0.14–0.15 levels represented 61.8% and 78.6% retracements from a prior consolidation, making them potential consolidation zones. Price appears to have broken above the 0.15–0.16 range with confirmation from both volume and momentum.

The market appears to be in a strong short-term bullish phase, with key resistance now at 0.1750–0.1800. However, overbought RSI and high volatility suggest a possible consolidation or test of these levels ahead. Investors should remain cautious for a short-term correction or sideways consolidation before the next directional move.