The Liquity price analysis reveals the recently listed token has been trending higher in the past week, surging to an all-time high of $1.90, before correcting back to its current price of $1.7171.The 24-hour trading volume is currently at $24.64M and the circulating supply stands at 91.83 M LQTY with a max supply of 100 M LQTY.
Liquity price action has been bearish, with bears holding the prices near the Fibonacci Retracement support at $1.7194, a key level of support. The bulls have defended the key support of $1.70, representing a 20% retracement of the pump to the $1.9 mark.
Liquity price analysis on a daily chart: LQYT corrects towards the Fibonacci Retracement support at $1.7194
The Liquity price analysis is bearish in the daily chart, with prices correcting towards a key level of support at the Fibonacci Retracement of $1.7194 (23.6%). The bears have managed to push the LQYT down to this area, forming a bearish pin bar candlestick and signaling a further bearish outlook.
The key support at $1.7194 is the last resort for bulls to hold off the bears, as any breakdown below this level could signal further declines towards the next psychological support at $1.65 and then possibly $1.50 in the near term.
The 50-day moving average is going to act as a key resistance level, where any breakout above $1.8583 would signal an uptrend in LQTY prices and could open up doors for new all-time highs. The relative strength index (RSI) is currently at 42, indicating that the token is currently in the neutral zone and any surge above 50 could signal a bull run. The MACD line is on the negative region of the histogram, indicating bears are in control of the price action. The Chaikin Money Flow (CMF) is currently at 0.17, indicating a small amount of buying pressure.
Liquity price analysis on a 4-hour chart: Bulls stumble near the $1.8583 resistance
The 4-hour chart shows that Liquidy price analysis reveals the token has been bearish, with prices facing stiff resistance at the $1.8583 mark. The bears have managed to break through the key support of $1.7194 and any further decline toward the psychological level of $1.65 could be bearish for the token.
The 50-day moving average is curling up and if prices manage to break out past the $1.8583 resistance, we could see a bullish trend in LQTY prices in the near term. The relative strength index (RSI) is currently at 35, indicating that the token is currently in the bearish zone. The MACD line is in the negative region of the histogram, indicating more bear bears are in control of the price action.
Liquity price analysis conclusion
Liquity price analysis for today shows LQTY has been trending higher in the past week but failed to break out past the $1.8583 resistance level and corrected back to its current price of $1.7171. The bears are in control of the price action in both the daily and 4-hour charts, with prices facing stiff resistance at $1.8583. Any breakdown below the key support level of $1.7194 could signal further declines toward the psychological level of $1.65 in the near term. The bulls need to break past the $1.8583 resistance to signal a bull run in LQTY prices.
