$LPT /USDT

The recent chart activity from Binance shows significant upward momentum. As indicated by the 4-hour candlestick chart, the current spot price has reached approximately 16.031. The recent bullish movement has seen the price break past the resistance level of 13.246, signaling a strong upward trend.

Key moving averages (MAs) provide further insight into this trend. The MA(7) is at 15.930, MA(25) is at 14.775, and the long-term MA(99) sits at 14.125. The convergence of these averages suggests a continued bullish sentiment. The trading volume has also surged, as highlighted by the significant green volume bar, which correlates with the recent price spike to 17.470.

Given this momentum, it is crucial to identify the next resistance levels. The immediate resistance level to watch is the recent high of 17.470. If the price manages to break above this level, it could signal further upward movement. Conversely, the support levels to monitor are the previous resistance turned support at 13.246 and the MA(99) at 14.125.

The Relative Strength Index (RSI) and other indicators should also be considered to gauge overbought or oversold conditions. Overall, the current market activity on Binance reflects a strong bullish trend with key resistance and support levels in focus. Traders should monitor these levels closely to make informed trading decisions.#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike