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$LQTY Technical Analysis for LQTY/USDT on Binance 🎯
LQTY has been showing strong bullish momentum, with a 24-hour gain of +9.98% and impressive trading volumes. Below is a technical breakdown of the current situation and potential targets:
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Key Levels and Market Overview
📊 Current Price: 1.686 USDT
📈 24h High: 1.707 USDT
📉 24h Low: 1.434 USDT
💰 24h Volume (LQTY): 7.65M
💵 24h Volume (USDT): 11.93M
The price recently broke through key resistance levels, indicating strong buying pressure.
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Technical Indicators
🔹 Moving Averages:
MA (5): 1.686 (near current price, suggesting short-term consolidation)
MA (10): 1.721 (indicating a bullish continuation in the medium term)
🔹 MACD: Showing increasing bullish divergence, indicating momentum is still in favor of buyers.
🔹 Bollinger Bands: Price is testing the upper band, signaling volatility and potential for a breakout.
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🎯 Targets for LQTY/USDT
1️⃣ Short-Term Target: 1.72 USDT
Rationale: This is a resistance level based on recent price action and moving average convergence. If broken, expect continued upward momentum.
2️⃣ Medium-Term Target: 1.86 USDT
Rationale: A strong Fibonacci retracement level and psychological resistance. Breakout here could attract more buyers.
3️⃣ Long-Term Target: 2.00 USDT
Rationale: A major psychological level that could act as a magnet if market sentiment remains bullish. High volumes and consistent upward trend will be key.
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Key Support Levels
1.62 USDT: Near-term support to watch if a pullback occurs.
1.43 USDT: Critical support to prevent further downside.
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