Liquity/Tether (LQTYUSDT) 24-Hour Market Overview

• Price fell from 0.541 to 0.515 on heavy selling pressure.
• RSI and MACD show bearish divergence.
• Volume surged near 38k at the close of the 24-hour window.
• Bollinger Bands show volatility expansion.
• Key support levels at 0.524 and 0.516 are critical for near-term direction.

Opening Analysis

Liquity/Tether (LQTYUSDT) opened at 0.537 on 2025-11-09 at 12:00 ET and reached a high of 0.541 before falling to a 24-hour low of 0.512. The pair closed at 0.515 on 2025-11-10 at 12:00 ET. Over the past 24 hours, total trading volume amounted to 670,684.5, with notional turnover reaching $348,203 (based on volume × average price). Price action has shown a clear downward trend driven by sustained bearish momentum and increasing volatility.

Structure & Formations

Price has broken below key support levels at 0.530 and 0.524, with the 0.516 level now in focus as the next potential target. A large bearish engulfing pattern was observed around 0.535, confirming a shift in sentiment. The candle at 0.516 closed with a long lower wick, suggesting rejection at this level and possible support consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, reinforcing the downtrend. Daily data shows the 50-period MA crossing below the 100- and 200-period MAs, indicating a strong bearish signal in the short-to-mid term. Price remains below all major moving averages, which may continue to act as resistance should the pair retrace.

MACD & RSI

The MACD line has crossed below the signal line, with both lines trending lower into negative territory, confirming bearish momentum. RSI has dropped below 30, entering oversold territory, but this does not necessarily signal a reversal due to the strength of the downward trend. There is a clear bearish divergence between price and RSI, which may indicate increasing exhaustion on the short side before a potential rebound.

Bollinger Bands & Volatility

Bollinger Bands have expanded significantly, with price moving from the upper to the lower band within the 24-hour period. This expansion reflects growing volatility and uncertainty in the market. The recent close at 0.515 sits near the lower band, which could either attract buyers or continue to draw sellers, depending on the strength of the support level.

Volume & Turnover

Volume has shown a marked increase, with the largest single candle volume occurring at 0.530 (67904.9), followed by the 0.526 close with a volume of 31846.0. Notional turnover has spiked in the final hours of the 24-hour window, suggesting increased interest and potentially significant orders at the lower levels. The divergence between falling price and rising volume supports the bearish thesis, indicating continued selling pressure.

Fibonacci Retracements

Fibonacci retracement levels applied to the recent 0.512–0.541 swing suggest a potential bounce from the 61.8% level at around 0.524. The 38.2% retracement level is at 0.531. If the pair rebounds from 0.524, these levels could provide temporary resistance before resuming the decline.

Backtest Hypothesis

To validate the bearish bias observed in technical indicators, a backtest could focus on short trades triggered by a close below key Fibonacci support levels such as 0.524 and 0.516. A simple strategy might involve entering a short position on a confirmed break below 0.524 with a stop-loss just above 0.531. A take-profit could be placed at 0.512, aligning with the 61.8% retracement level. This approach would test the efficacy of Fibonacci-based shorting in the context of strong bearish momentum and RSI divergence.