Liquity price analysis reveals that the token is consolidating between $1.83 and $2.00, forming a tight range in which both bulls and bears are jostling for control. The current social media activity surrounding Liquity reflects these trends, as seen by the increased number of mentions over the last day, despite its average sentiment score of 2 out of 5. This could indicate that traders are uncertain about the future of liquidity, with no news articles released in the past 24 hours.
As such, it is difficult to predict what will happen next; however, if the bulls can break above $2.00, it could signify a bullish trend in LQTY prices. On the other hand, if the bears manage to break below $1.81, it could signal a bearish trend in Liquity prices. Liquity cryptocurrency is trading at $1.83, down by 0.99% in the last 24 hours. Liquity’s trading volume is up 3.12% and its market cap is $168,414,229, making it the 174th largest cryptocurrency by market cap.
LQTY/USD price analysis on a daily chart: LQTY forms a bearish engulfing candle as the bulls fail to break above $2.00
The Liquity price analysis shows the LQTY/USD pair formed a bearish engulfing pattern on April 29th, suggesting that the bears were in control of price action. Prices failed to break above $2.00 and reversed sharply downwards below the resistance level at $1.89, confirming further bearishness. The bears have managed to break below the 20-day exponential moving average (EMA) at $1.88, indicating that prices could fall further in the near term. However, if the bulls can push prices back above $2.00, this could signify a bullish trend in LQTY token price action.
LQTY/USD 1-day price chart, Source: TradingView
The technical indicators such as the momentum oscillators are reflecting the bearishness in the market, as both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are hovering around their neutral levels. The technical analysis shows strong support has been established near the Fibonacci retracement level of $1.72, which could act as a cushion against further losses in the near term. The resistance levels to watch out for are $1.86 and $2.00, while the key support level is at $1.72.
Liquity price analysis on a 4-hour chart: LQTY consolidates above $1.83, forming an ascending triangle
The 4-hour chart for LQTY/USD reveals that the token has been consolidating in a tight range between $1.83 and $2.00, forming an ascending triangle pattern. This indicates that the bulls are trying to regain control of price action, despite the bearishness in the daily chart. The MACD is showing a bullish crossover, which suggests that prices could break out to the upside soon. The RSI is also hovering near its neutral level of 50, indicating a balanced market between bulls and bears.
LQTY/USD 4-hour price chart, Source: TradingView
The key support levels are located at $1.81 and $1.72 while the resistance levels are at $1.86 and $2.00. The 12-day EMA is currently at $1.82 and the 26-day EMA is at $1.83, indicating that prices could try to break through these levels soon. A bullish crossover in the MACD and a breakout above $2.00 could push Liquity prices higher in the near term, while a bearish crossover and breakdown below $1.81 could signal further losses for the token.
Liquity price analysis conclusion
Liquity price analysis shows that the token is consolidating between $1.83 and $2.00, with both bulls and bears jostling for control. The 4-hour chart suggests that prices could break out to the upside soon while the daily chart shows that the token has formed a bearish engulfing pattern. A break below the psychological level of $1.81 could signal further losses for the token, while a breakthrough above $2.00 could mean a bullish trend in Liquity prices.
