$LPT 🔻LPT Under Pressure – Lot’s of Sellers at Market!📉🚨
Livepeer (LPT) is facing heavy sell pressure, and the chart is starting to reflect it loud and clear. 📊🔻 The market is currently dominated by lots of sellers, with red candles stacking up and volume spiking on every bounce attempt. 🟥🛑 This isn’t just a minor correction — it looks like serious distribution is underway. 🛒❌🔥
Every time LPT tries to move up, it gets slammed back down by aggressive sell orders. 📉🔄 Resistance zones are holding strong, and buyers are showing hesitation, while larger players appear to be unloading. 🧱💥 Even support levels are looking shaky, with weak bounces and immediate rejections. ⚠️🔽
Technical indicators are flashing bearish. RSI is trending lower, signaling fading momentum 📉🧠, and MACD is curving downward with increasing volume. These are clear signs that sellers are controlling the pace of the market, and unless demand steps in soon, LPT could be headed for lower support zones. 📊⏬
The sentiment around LPT is cooling down 🔍🧊, and many traders are beginning to exit or short the asset as sell-side liquidity dominates the order book. 📉📢 Even whale wallets appear to be trimming positions 🐋✂️, suggesting that the smart money may be reducing exposure.
In this kind of environment, caution is key. 📛 Whether you’re holding, trading, or watching from the sidelines, it’s clear that LPT is under pressure from a lot of sellers right now.
📢 Lots of sellers at market – LPT may face further downside if support breaks!