$LQTY just woke up!
Liquidity (LQTY) has finally shown some life after a long downtrend. The price is up +8.7% today, now trading around $1.24, bouncing strongly from yesterday’s lows at $1.13.
📈 Chart structure:
• On the 4H chart, we can see how LQTY was stuck in a steady decline for weeks, making lower highs and lower lows.
• That changed today. Price found solid demand at $1.13, then quickly pushed back above $1.20, showing the first real bullish momentum in a while.
💡 Why it matters:
• The move has reclaimed levels close to its average line (AVL) at $1.25, which is key. Holding above this could flip the short-term trend and attract more buyers.
• This is the kind of early move traders look for when hunting for coins that are oversold and ready to bounce.
🔥 Volume picking up:
• Volume on this move wasn’t massive, with about 2.46M LQTY traded, but it’s more than we’ve seen in many sessions. That alone is a sign of fresh interest.
🧐 What to watch next:
• Resistance is nearby at $1.28-$1.30, followed by the heavier zone around $1.55 where the last big drop started.
• If LQTY clears these levels, it could spark a relief rally back toward $1.40+ in the coming days.
⚠️ Key takeaway:
LQTY is showing its first signs of strength after weeks of bleeding. A close above the average price and holding above $1.20 could set up a bigger move. DeFi coins like LQTY tend to move fast when they reverse — keep an eye on it.