$LQTY

LQTY/USDT Technical Analysis 📊

Current Price: 2.216

24H High: 2.270

24H Low: 1.773

Market Overview

LQTY has shown significant bullish momentum, with a 24.99% increase over the past 24 hours. The trading volume is strong, with 11.35M LQTY exchanged in the last 24 hours, equivalent to 23.45M USDT. This surge in price and volume places LQTY among the top DeFi Gainers today.

Technical Indicators

1. Moving Averages:

MA(7): 2.134 (Immediate Support)

MA(25): 1.974 (Key Swing Support)

MA(99): 1.744 (Long-Term Support Zone)

2. Key Levels:

Resistance: 2.297

Support: 2.085

3. Volume Depth:

Buyer support is concentrated at 1.872, making this a critical pivot level.

Price Targets 🎯

1. Short-Term Target: 2.50 USDT

If the bullish momentum continues, LQTY could hit this level within the next 24-48 hours. Strong buying pressure and increased interest in DeFi are supporting this possibility.

2. Mid-Term Target: 3.00 USDT

Breaking the 2.70 resistance zone could lead to a move toward 3.00, especially if the DeFi sector sees a broader rally.

3. Long-Term Target: 3.50 USDT

Achievable with consistent volume growth and bullish sentiment in the market. Look out for macroeconomic factors and trends in the crypto space influencing DeFi tokens.

Trading Strategy:

Bullish Case: Enter at current levels (2.216) with a stop-loss below 2.00 USDT.

Bearish Case: Wait for a pullback to the 1.97-2.00 USDT zone before entering a long position.

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