Terra/Tether Market Overview for 2025-11-09

Summary
• Terra/Tether (LUNAUSDT) closed at 0.0888 after a 24-hour range of 0.0883–0.0912.
• Momentum showed signs of divergence late in the session, with bearish pressure emerging.
• Volume spiked sharply during the afternoon ET, indicating increased interest and potential reversal setups.

Terra/Tether (LUNAUSDT) opened at 0.0891 on 2025-11-08 at 12:00 ET and closed at 0.0888 by 12:00 ET on 2025-11-09, reaching a high of 0.0912 and a low of 0.0883. Total volume for the 24-hour period was 16,657,038.05 with a turnover of approximately $1,486,016.

Structure & Formations

The 15-minute chart shows a strong bearish reversal pattern forming after 19:00 ET, with a long lower wick and a closing below the mid-body. Key support levels were established near 0.0885 and 0.0875, while resistance was tested at 0.0903 and 0.0912. The price appears to be consolidating after a sharp move higher earlier in the session, suggesting a potential pullback into the lower half of the range.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages indicate a bearish crossover occurred at around 20:30 ET, reinforcing the downward bias. On the daily chart, the 50-period and 200-period moving averages suggest that the price is currently below the 200 SMA, indicating a bearish bias in the medium term.

MACD & RSI

The MACD line crossed below the signal line in the late afternoon, signaling a bearish momentum shift. The RSI reached overbought levels during the morning spike to 0.0912 before quickly retreating into neutral territory. Currently, the RSI is at around 50, suggesting the market may be stabilizing but with caution due to recent volatility.

Bollinger Bands

Price traded near the upper band during the afternoon spike but has since retreated into the middle of the band. The bands are relatively wide, suggesting ongoing volatility. The narrowing of the bands in the early morning may indicate a potential consolidation phase, though the recent expansion suggests traders are still active in the pair.

Volume & Turnover

Volume spiked dramatically in the early afternoon, with a single 15-minute candle at 14:30 ET showing a high of 0.0921 and a turnover of $1,156,623. This spike coincided with a large price jump, indicating strong buyer pressure at that point. However, the volume has since cooled off, which may suggest the buying interest has waned.

Fibonacci Retracements

Applying Fibonacci levels to the recent move from 0.0883 to 0.0912, the 38.2% level sits at approximately 0.0900, and the 61.8% at 0.0889—both of which the price has now bounced off or tested. The current price is near the 61.8% level, indicating a potential support zone where the pair may find buyers.

Backtest Hypothesis

The RSI-based backtesting strategy aims to leverage overbought/oversold conditions to generate trade signals. However, the RSI data for LUNAUSDT could not be retrieved due to a formatting issue. To resolve this, specifying an exchange (e.g., BINANCE:LUNAUSDT) or verifying the symbol in the data provider's universe would be necessary. Once corrected, the strategy could be backtested to evaluate its viability in capturing short-term reversals in high-volatility pairs like LUNAUSDT.