Alert, crypto community! 🚨 $LQTY /USDT is giving us a surprise, up +21.05% and breaking $1.00! The current price at $1.012 is a good indication that the bulls are taking control.
If we look at the chart, the price has touched a high of $1.034 in the last 24 hours. The moving averages are acting as good support: MA(7) at $1.010 and MA(25) at $1.003. As long as it stays above them, the bullish momentum could continue!
The MACD shows us a bullish signal with DIF: 0.006 and DEA: 0.006. This, combined with the money inflows in 24h, which exceed $89,660, indicates increasing interest in the currency.
But beware, not everything is rosy. The selling volume in 24 hours is 7.84M, and the distribution of money flow in 1 hour shows 26.59% of sell orders. Although the buying amount exceeds the selling in large and medium orders, the selling proportion in small orders is higher. And most importantly, the large money flow over 5 days is at -$421,749.80! This could be a sign that big investors are exiting, so HODL wisely and don't get carried away by FOMO!
If LQTY manages to consolidate above $1.034, we could see an interesting upward movement. However, if there is a pullback, the levels of $1.003 and $1.010 will be key to look for support. Patience is your best ally!
