Market Overview for Terra/Tether (LUNAUSDT)

Summary
• Price action formed a bearish engulfing pattern near 0.0956.
• Volume surged during the 18:00–20:00 ET window, confirming the breakdown.
• RSI and MACD signaled bearish momentum with no signs of oversold conditions.
• Bollinger Bands expanded late in the session, highlighting heightened volatility.
• Price appears to be consolidating near key support at 0.0935–0.0940.

Terra/Tether (LUNAUSDT) opened at 0.095, peaked at 0.0964, hit a low of 0.0915, and closed at 0.0944 by 12:00 ET. Total volume reached 22.10 million, with $2.04 million in turnover across the 24-hour window.

Structure & Formations

A bearish engulfing pattern formed at 0.0956 on the 5-minute chart, confirming a key breakdown from the 0.0951–0.0956 consolidation range. Price later tested support at 0.0935–0.0940 and bounced slightly, forming a potential base ahead of a possible retest of this zone.

Moving Averages

The 5-minute 20- and 50-period moving averages crossed to the downside, reinforcing short-term bearish bias. Daily 50/100/200 SMA levels suggest a neutral stance, though price remains below the 50-day average.

MACD & RSI

The MACD crossed into negative territory with declining momentum, while RSI dipped into the 30–40 range, avoiding oversold levels. This suggests that bearish pressure remains intact without signs of exhaustion.

Bollinger Bands

Bollinger Bands expanded sharply between 14:00 and 16:00 ET, reflecting increased volatility as price dropped below 0.0935. Price has since remained within the bands, suggesting a temporary pause in selling pressure.

Volume & Turnover

Volume spiked between 18:00 and 20:00 ET, coinciding with the breakdown to 0.0936. Turnover also surged during this period, confirming the move. However, volume has since declined, indicating potential exhaustion among sellers.

Fibonacci Retracements

The recent 0.0956–0.0936 move has established 38.2% (0.0945) and 61.8% (0.0939) Fibonacci levels as potential near-term resistance and support. Price appears to be consolidating near the 61.8% level, which may offer a short-term floor.

LUNAUSDT may test the 0.0939–0.0940 zone in the next 24 hours, with a break below threatening 0.0920. Investors should watch for a reversal candlestick pattern or a rejection at the 0.0945 level for potential bullish signals. Volatility remains elevated, and a sharp rebound could challenge the 0.0956 resistance.