- LQTY rebounds to $1.11 after touching $1.072, supported by rising 24-hour volume of $25.01M
- Liquity’s TVL holds steady at $500.72M while the market cap drops to $105.72M
- RSI hovers around 51.80 as price consolidates under resistance between $1.12 and $1.13
LQTY Price Recovers from Intraday Low Amid Support Retest Liquity (LQTY) saw its price drop by 5.44% in the last 24 hours, hitting a low of $1.072 before bouncing back to $1.11. The price movement appears to be stabilizing, thanks to a rise in trading volume and a positive market sentiment. The asset reached a key support zone between $1.03 and $1.06, where there appeared to be significant technical buying interest.
The price structure on the 4-hour chart shows lower highs and lower lows, which usually means that people are feeling bearish. The bounce off the long-term trendline and the area of confluence support, on the other hand, shows that there is a chance of a short-term recovery. Analysts said that the $1.07 level worked as a solid floor during the day, and resistance near $1.12 is still strong for now.
Technical indicators show that momentum is mixed across timeframes
Technical indicators point to short-term uncertainty. The RSI was close to 51.80 on the 1-minute chart, which means that the momentum was neutral. A bearish crossover on the MACD chart recently happened, which could mean that short-term buying strength is weakening. LQTY is still below the 50-period EMA on the 4-hour chart, which shows that bearish pressure is still there unless the price moves back above $1.19.
$1.13 and $1.18 are the next levels of technical resistance. If the volume stays high enough to break through these levels, the trend may change to bullish continuation. If the $1.07 support area doesn’t hold, though, the price could drop even more to $1.00 or $0.95.
Metrics on the blockchain and community sentiment are still good
Basic metrics still show that the protocol is strong. With a circulating supply of 95.08 million LQTY out of a maximum of 100 million, Liquity has a total value locked (TVL) of $500.72 million. A low market cap to TVL ratio of 0.2116 suggests that the token may be worth less than on-chain capital.
Recent polling data shows that 88% of users are still optimistic about the community, with a bullish outlook. The protocol’s steady use and low inflation rates make the token more appealing in the long run, even though its trading range is volatile in the short term.
