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🔄
$LQTY : The Phoenix in the Ashes? 🔄
While some assets fly, others are busy building a foundation. LQTYUSDT is in the latter camp, and that's where the most interesting opportunities often hide.
This isn't a chart of collapse; it's a chart of consolidation after a long descent.
$LQTY 👉 The LQTY Re-accumulation Plot:
· Current State: 0.5388, showing a decent +5.15% intraday bounce. A small green shoot after the frost.
· The Resistance Mountain: Look at the MA(99) at 0.8076. That's the major hill to climb, and we're currently in the valley below.
· The Key Battle: The price is now wrestling with the MA(7) at 0.5266. Winning this short-term battle is the first step to a larger recovery.
The Narrative Shift:
Yes,the 30, 90, and 180-day numbers are deep in the red. That's the old story. The new story is being written now:
Is this the level where sellers exhaust themselves and long-term believers start accumulating?
The volume has cooled off from its highs. This can signal a lack of selling pressure, setting the stage for a new narrative.
#LQTY is showing the classic signs of a potential trend reversal. It's not a guarantee, but it's a setup.
Watch for a sustained break above the MA(7)and MA(25) to confirm the momentum shift.
$LQTY #defi |
#Undervalued |
#ACE |
#MeanReversion |
#USDTfree ---