LQTY/USDT is in a severe downtrend.
The price is 0.773 USDT, down 7.54% and is trading at its 24-hour low. This indicates intense selling pressure and a complete lack of buyer support.
Key technical observations:
· The price is trading well below all its key moving averages (MA(7), MA(25), MA(99)), which are all trending downwards. This confirms a strong bearish trend across all timeframes.
· The long-term MA(99) is significantly higher at 1.066, highlighting the magnitude of the decline.
· The MACD is deeply negative, confirming that strong bearish momentum is driving the price action.
Verdict: The trend is strongly bearish. The asset is showing no signs of a bottom and remains in a clear downtrend. The next significant support level is not visible on this chart, suggesting further downside risk.$LQTY