Livepeer Consolidates at $6.32 as Accumulation Zone Holds Ahead of Breakout

Livepeer (LPT) has been consolidating within a defined accumulation zone between $5.00 and $7.50, with the price currently at $6.32 following a 6.98% drop. The key support level at $3.80 has held firm, reinforcing the base-building pattern that has developed over recent months. This structure suggests that buyers remain active in defending the lower boundary of the accumulation range, while sellers continue to test the upper limit near $8.50 without breaking through [1].

The market has seen reduced engagement, with a 21.04% drop in 24-hour trading volume to $22.62 million and a 6.85% decline in market cap to $271.54 million. The Fully Diluted Valuation (FDV) matches the current market cap, indicating that the price is already reflecting the maximum possible supply, which may signal a compressed phase in the market cycle [1].

A confirmed breakout above $8.50 would represent a pivotal moment for LPT. Technical indicators show that a weekly close above this level could trigger an upward trajectory with measured targets at $22.14 and $64.67. The latter represents a potential 1,119.55% increase from the current price, making it a highly attractive target for long-term investors [1]. Analysts have pointed out that the price has remained within the $5.00–$7.50 range since mid-2025, allowing time for accumulation and the development of a rounded bottom pattern [1].

The development of a rounded bottom on the chart highlights the importance of maintaining control above $5.00–$7.50, as it defines the base of the potential trend reversal. The repeated rejections at the $8.50 level and consistent interaction within the accumulation zone suggest that the market is preparing for a possible breakout [1].

While the current phase is marked by low volatility and reduced volume, the technical structure indicates that a breakout could precede a more aggressive price expansion. Traders and investors are advised to closely monitor the $8.50 level as a key trigger point, with expansion targets at $22.14 and $64.67 offering clear directional guidance [1].

Source: [1] Livepeer Consolidates at $6.32 as Accumulation Zone Holds Ahead of Breakout (https://cryptonewsland.com/livepeer-consolidates-at-6-32-as-accumulation-z/)