Overview
Liquity (LQTY) has successfully broken out of a falling wedge formation on the 4-hour chart, followed by a retest of the breakout level.
Key Highlights:
Retest Success: The price has respected the breakout level, signaling that bulls are firmly in control.
Target Price: If momentum sustains, LQTY could rally toward $3.45 in the short term.
Why It Matters: Liquity’s focus on decentralized stablecoin issuance adds utility and investor interest, making its technical patterns worth noting.
Precautionary Note:
Ensure upward momentum is supported by increasing trading volume. Weak volume could lead to a failed breakout.
