The possibility of hitting a liquidity price, such as $1.16 in your example, depends on various factors related to the market dynamics of the asset in question.

1. Market Conditions: If the market is volatile, there is a higher chance of the price reaching liquidity levels, as assets may experience rapid price movements. However, if the market is stable and there’s little buying or selling pressure, it may not reach that price.

2. Order Book Depth: Liquidity depends on the depth of the order book, which indicates the availability of buy and sell orders near the liquidity price. If there are many buy orders at $1.16, the price may not fall to that point. On the other hand, if there are substantial sell orders near that price, it could be hit.

3. Volume: Higher trading volume often leads to greater liquidity and can make it more likely that the liquidity price is tested. Low trading volume might mean that the price doesn't easily reach $1.16.

4. News and Sentiment: Market news or sentiment shifts can influence price movements. If there’s significant news that pushes the price down, it could hit the liquidity price.

To summarize, while it is possible for the price to hit the liquidity price, it will depend on the specific market conditions, order book setup, volume, and broader sentiment.

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