LQTY rallies to $1.26 after a strong bullish trend – Cryptopolitan

Liquity price analysis shows a bullish trend as an upward price movement has been recorded in the last 24 hours. The market has been following a bullish trend for the past few hours, and the price has significantly improved. A similar trend was observed today as well, as the bullish momentum has gained strength, and after retaking hold of the market, it has taken the LQTY/USD value up to the $1.26 mark.

The buyers are in full control of the market, and they have strengthened their hold on it. The market capitalization for LQTY is currently around $114 million, with a gain of 4.84 percent in the last 24 hours. Additionally, the trading volume for LQTY is around $20 million, with a gain of 53 percent in the last 24 hours.

Liquity price analysis 1-day chart: Bullish pressure drives LQTY/USD to $1.26

On the 1-day chart for liquidity price analysis, a bullish trend is visible as buyers have been gaining strength since the start of today. The past week has proved to be quite favorable for the sellers as the prices steadily declined to a low of $1.18. But today, since then, buyers have been driving up the price, and this has resulted in a strong bullish trend that has taken the LQTY/USD pair to the current $1.26 mark.

The increasing volatility is indicative of a healthy market, and the Bollinger Bands are also showing a wide range of fluctuations. The upper Band is currently at $2.09, and the lower Band is found around $1.17. The Relative Strength Index is also holding steady at the 26.74 mark, which suggests that there is extreme selling pressure in the market. The moving average convergence/divergence (MACD) indicator is currently in the bullish zone, with histogram values in positive territory.

Liquity price analysis 4-hour price chart: LQTY  aims to breach $1.29 level

The 4-hour price chart for liquity price analysis shows the price has undergone a recovery today after reaching a low of $1.18 yesterday. The price is currently trading just beneath the resistance level at $1.29, and if buyers can gain further strength in the market, then LQTY/USD could break through this level and head higher.

The relative strength index (RSI) is currently at the 45.34 mark, suggesting a strong market with buying pressure. Additionally, the moving average convergence/divergence (MACD) indicator shows that buy signals are prevailing in the market, which could result in an upward surge for LQTY/USD. The MACD line has crossed above the signal line and is currently in positive territory. Moreover, the Bollinger Bands are also showing an upward movement in prices, which could be indicative of a further rally in LQTY/USD. The upper band is currently at $1.35, and the lower band is around $1.13. 

Liquity price analysis conclusion

Overall, Liquity price analysis suggests that the LQTY/USD pair has begun a bullish journey and could reach higher levels in the near future with further support from buyers. The resistance level of $1.29 may be breached soon if buyers are able to maintain their momentum. Hence, traders should watch out for further price movements in the coming days.  The bullish trend could continue if support at $1.18 is not breached.