$LQTY has seen a significant decline of nearly 10% in the last 24 hours.
Trading between a high of 1.65 and a low of 1.448 suggests a volatile environment.
The Bollinger Bands indicate that the price is approaching the lower band at 1.501, hinting at potential support.
With resistance at 1.65, the current downtrend appears strong.
Macroeconomic factors like inflation and regulatory uncertainty could keep pressure on the overall market.
Bitcoin's influence remains undefined, indicating a lack of correlation may leave LQTY vulnerable.
Traders should consider a short-term approach given the recent volatility.
Key takeaway: Monitor macroeconomic developments, as they may serve as critical catalysts for LQTY's recovery or further decline.
