The Liquity price analysis for today shows a strong bullish trend after gaining 6.78% over the last 24 hours. The coin opened at $1.20 and then rose to $1.28, it currently trades, as more investors are bullish about its potential. The buying pressure on Liquity has been increasing over the last few days, and this could be because of its low transaction fees.
In the near term, if the price continues to stay above $1.80 then we could say that BNB has found stability and is likely to reach higher levels in upcoming sessions. Furthermore, an increase in volume could further enhance the up-trending market sentiment. The market cap of LQTY is currently $126 billion, and the 24-hour volume is reported to be around $16 million. With bullish sentiment growing, the asset could reach further heights in the upcoming days.
Liquity price analysis 24-hour chart: Bull rallies above $1.28 after a strong bullish trend
The chart analysis of Liquity shows a strong bullish trend, with the price increasing from $1.18 to $1.28 over the last 24 hours. The buying pressure on LQTY has been increasing and is likely to reach higher levels in upcoming sessions if it can stay above the $1.80 level in the near term. The resistance is seen at $1.80, and the support level is set at $1.18.
The volatility index for LQTY has also been increasing, suggesting that the market activity is picking up. The Bollinger bands also suggest that the Bulls are gaining strength. The upper Bollinger band at $2.01 is an additional indicator that a breakout to the upside could occur soon, while the lower Bollinger band is currently at $0.99. The RSI is present at 33.74, suggesting that the asset is currently in a neutral zone. The moving average indicator is present at $1.24, just below the current price.
Liquity price analysis 1-hour price chart: LQTY retraces from highs as bulls take a breather
Liquity price analysis on the 1-hour chart has shown that the coin has retraced its highs as the bulls take a breather. The last few hours have been a continuous rally which could suggest that the asset is likely to reach higher levels in the near term. The green candles in the hourly chart suggest that the buyers are still active and pushing the price further.
The Bollinger bands are widening, suggesting that the volatility is likely to increase in upcoming sessions. The Upper Bollinger band is currently at $1.32, while the lower Bollinger band is at $1.17, indicating that a breakout to the upside is possible if buyers can push the price above $1.92. The RSI indicator is above 67.60, which suggests that the asset has room for a further upside move.
Liquity price analysis conclusion
Overall, Liquity (LQTY) price analysis shows a strong bullish trend as more investors are becoming bullish about its potential in the near future. The buying pressure has been increasing over the last few sessions, and this should continue to increase if it can stay above $1.80 in the short term. With bullish sentiment growing, we could expect further gains in the upcoming days.