$LQTY has shown a notable rebound over the past 24 hours, currently trading at 0.594 USDT, up nearly 5% from the previous session. The price recently tested support near 0.518 USDT, which has held firm despite increased selling pressure. On the upside, the 24-hour high of 0.610 USDT indicates resistance is tight, and a sustained move above this level would be needed to signal a more confident bullish trend. Volume has been moderate at 3.66 million $LQTY , suggesting that while interest is returning, it’s not yet overwhelming enough to guarantee momentum continuation.
Looking at the short-term structure, the coin appears range-bound between 0.518 and 0.610 USDT. Any aggressive breakout attempt above 0.610 could face immediate pushback from traders who see the coin as overextended after the recent surge. Conversely, a breakdown below 0.518 might trigger a sharper correction, as there is limited support until around 0.513. The current movement hints at indecision rather than clear strength, making it risky to assume that the upward momentum will hold without a stronger catalyst.
In summary, LQTY is flirting with potential upward movement but remains vulnerable to short-term retracement. The market is still reactive, not proactive, and traders should be cautious about chasing gains. If it fails to break above resistance convincingly, it may simply drift lower, testing the bottom of the current range. There is opportunity here for those willing to watch levels closely, but overconfidence could be costly.
