Bulls Dominate LQTY Market After Impressive Gains in Recent Hours

  • LQTY/USD is facing resistance at $2.59, and support is seen near the $2.03 level.
  • The digital asset is currently trading at $2.58, up 16.46% from the previous day.

The Liquity (LQTY) price has seen a strong surge in the past few hours. The bullish trend is currently dominating the APE market, with LQTY prices trading around the $2.50 level, with a surge of over 14.26% in the past 24 hours. The buying pressure is increasing, and the price is expected to reach new highs above $3.00 in the coming days if bulls remain in control.

The market opened today’s trading in a bearish zone at $2.06 as more selling pressure was seen in the market. However, bulls managed to gain control of the market and push prices up into a bullish zone. The resistance level of $2.63 and needs to be breached for further upward movement.

The current CoinMarketCap ranking is #138, with a live market cap of USD 228,910,025, with an increase of 14% in the last 24 hours, indicating more buyers are entering the market. The 24-hour trading volume for LQTY is $191,246,581 and up by 57%. The circulating supply of LQTY is $91 million,  with a max supply of 100 million. The latest technical indicators are also looking bullish. The RSI is trending in the overbought zone and shows no signs of slowing down. The MACD is trading in the positive region, and further gains can be expected if the bulls remain in control of price action. The volatility is high but is still contained within the upper range, and there is a possibility of further gains

The Bollinger bands indicator is trending in the positive region, and there is a possibility of volatility increasing further if prices rise above $2.59. The upper Bollinger band is currently at $2.51, While the lower Bollinger band is at $1.64, which may act as the next support level in the near term if bearish momentum returns.

Overall, the liquidity price analysis shows that the token is currently bullish and trading in a strong uptrend. The daily technical indicators are looking positive, and there is a possibility of further upside if prices manage to break above resistance levels. The buying pressure is strong, and if the bulls can sustain this momentum, then we could see further gains in the near term.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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