Price roller coaster: Soaring 15% in 24 hours only to dive!
LPT staged a thrilling scene today: Binance data shows the price once surged to $10.79 (a 24-hour increase of 15.65%), but then faced whale selling pressure, ultimately closing down 2.81% at $8.76, with 24-hour volatility reaching 43.41%. This wild fluctuation made investors' hearts race—some profited by bottom-fishing at low points, while others got trapped chasing highs!
Institutional giants enter! Microsoft + Grayscale join forces to explode LPT?
The Web3 video sector suddenly ignited! Grayscale includes LPT in its Artificial Intelligence Fund (AIFund), alongside star tokens like SUI and CRV, while Livepeer announces a collaboration with Microsoft Azure to launch AI-driven video transcoding services, planning to deploy test nodes in Q3. These two major announcements directly sparked market enthusiasm, with on-chain data showing the number of holding addresses skyrocketing 378% in recent years, and the staking rate reaching 78%, making the limited circulation a price catalyst.
Whale Sell-off Warning! 520,000 LPT dumped onto Binance!
Joy turns to sorrow! Just as the market was celebrating, a certain whale suddenly redeemed 526,000 LPT (worth about 4.81 million USD) and transferred it to Binance, expecting to profit 2.01 million USD. This transaction directly triggered panic selling, with Binance's LPT trading volume surging 28% in an instant, and short-term selling pressure hanging like the Sword of Damocles overhead.
Technical analysis hides danger! Bottom-fishing signal OR precursor to a crash?
The 4-hour K-line shows the price breaking through recent lows, but the MACD histogram remains positive, with bulls still struggling. However, the RSI indicator has reached 66.27, entering the overbought zone, while the KDJ golden cross is in the neutral zone, intensifying the market's long-short battle. The key support level of $6.67 is precarious, and a drop below it could trigger a chain of stop-losses.
Retail investors face a life-or-death situation: should we buy or sell now?
Aggressive strategy: If the price pulls back to $7.50 (near May's low), consider a small long position with a stop-loss set at $5.30, targeting $12.
Risk Warning: 24-hour volatility exceeds 40%, it is recommended that single positions do not exceed 5%, beware of a domino effect from whale sell-offs triggering a crash.
Ultimate suspense: Can LPT break through the historical resistance level of $15? Or will it replay the tragedy of plummeting from $12 to $6 in May? Every trade now is a gamble!
Insider news unveiled!
Black Swan warning: ScamSniffer detected a phishing attack resulting in user losses of $150,000 PENDLE-LPT, beware of contract interaction risks.
Competitive covert war: Theta Network's market share has reached 28%, with the average daily active node count being 1.7 times that of Livepeer, potentially upending the landscape.
Long-term ambition: Livepeer connects over 100,000 nodes, increasing transcoding efficiency by 300%, with a multi-chain ecosystem aiming for Web3 video dominance.
Ultimatum: Should we get in now or escape?
LPT is at a historical turning point! Support from Grayscale and collaboration with Microsoft bring limitless imagination, but whale sell-offs and technical overbought conditions also hide dangers. If you are risk-tolerant, the $7.50 support level may be the last buying opportunity; if you seek stability, it is advisable to wait until the price stabilizes. Remember: in the crypto market, greed and fear are only a thin line apart!
The market continues to change, and we are closely monitoring it to seize new entry opportunities. Like and comment to navigate the bull market together and seize this major opportunity.
Today's focus: LPT TRB SOPH UIN
