$LPT 🚀🔥 Livepeer (LPT) Faces Big Sellers at Market: Downward Pressure Intensifies 📉⚠️

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🦑🦑Livepeer (LPT) is flashing unmistakable signs of heavy selling activity, with large-volume traders actively offloading positions after failing to hold recent support levels 🌪️🎯. Over the past week, price has struggled below $19.50, repeatedly rejecting attempts to reclaim higher ground 🪓🍂. On-chain metrics reveal that several whale wallets have been distributing steadily, fueling persistent downward pressure 🐍🧊.

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🐢🐢Momentum indicators continue to weaken. The Relative Strength Index (RSI) has slipped below 40, a clear sign sellers remain firmly in control 📉🎭. MACD histograms are negative and expanding, underscoring accelerating bearish momentum 🧭⚡. Trading volume has spiked on red candles, confirming that sellers are dominating price action while buyers hesitate to step in 🪁🍇. In derivatives markets, funding rates have edged into negative territory, and open interest is rising, suggesting traders are positioning for further declines 🌵🎢. If LPT loses support at $18.20 decisively, the next major target could be the $16–$16.50 range 🧊🚧.

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🪴🪴Despite these pressures, Livepeer remains a fundamentally innovative project, supporting decentralized video infrastructure and growing adoption 🌈📡. However, technical patterns and negative sentiment are driving short-term price behavior, overshadowing the long-term narrative 🦥🌫️.

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🎯🎯Traders should closely watch volume and key levels around $18.20. A decisive break below this support could quickly accelerate selling and deepen the retracement. Conversely, a sharp rebound with strong buying volume might signal a short-term relief rally before further consolidation 🚀📊.