Liquity/Tether (LQTYUSDT) Market Overview: 24-Hour Breakdown

• LQTY/USDT climbed from 0.87 to 0.946, closing at 0.932 on high-volume bullish momentum.
• A strong bullish engulfing pattern emerged after a 21-hour downtrend, signaling potential trend reversal.
• RSI peaked near overbought (75), while MACD confirmed bullish divergence with rising bars.
• Volume surged to 269,971.1 at session high, while turnover showed no material divergence from price.
• Bollinger Bands showed a sharp expansion post-10pm ET, with price pushing above the upper band.

Liquity/Tether (LQTYUSDT) opened at 0.87 on 2025-09-18 12:00 ET and closed at 0.932 on 2025-09-19 12:00 ET, reaching a high of 0.946 and a low of 0.87. Total volume over 24 hours was 2,699,711.0 contracts, with a notional turnover of approximately $2,361,014 (assuming a 1 USDT = 1 USD). The pair exhibited a sharp upward reversal after a prolonged consolidation phase.

Structure and formations indicate a key support level at 0.885–0.89 and a resistant ceiling at 0.92–0.925. A bullish engulfing candle formed around 22:00–22:15 ET, confirming a shift in sentiment following a 21-hour downtrend. The doji observed at 00:30–00:45 ET suggested indecision, followed by a decisive push above the 0.93 handle. Notable Fibonacci retracement levels at 0.918 (61.8%) and 0.932 (78.6%) were successfully breached, indicating strong bullish conviction.

MACD and RSI Signal Strong Momentum

The MACD crossed into positive territory with increasing bars, reinforcing the bullish bias, while RSI climbed to 75, indicating overbought conditions. This suggests the market may consolidate or pull back in the near term. However, the divergence in MACD and RSI appears to align with volume action, which confirms the strength of the move.

Bollinger Bands Reflect Volatility Expansion

Volatility expanded significantly after 22:00 ET as the price surged above the Bollinger Bands upper band, reaching 0.946. This suggests increased bullish participation and potential continuation of the upward trajectory. However, a pullback toward the Bollinger Bands midline at 0.916–0.92 could be a near-term risk if sellers re-enter the market.

Volume and Turnover Confirm Bullish Momentum

Volume spiked to 269,971.1 at the session high of 0.946, with a corresponding turnover surge. This indicates strong participation and alignment between price and volume, reducing the likelihood of a false break. The 20-period EMA at 0.912 and 50-period EMA at 0.897 were both crossed decisively, suggesting the trend could remain intact for the next 24 hours.

Backtest Hypothesis

A potential backtest strategy would involve entering long positions on a close above 0.918 with a stop loss at 0.905 and a take profit at 0.932–0.936, based on the identified Fibonacci and Bollinger Band levels. This approach leverages the confirmed bullish reversal pattern and momentum indicators. The high-volume breakout candle at 0.946 offers an additional confirmation point for a scaled entry strategy.