Livepeer Market Overview

• Price declined sharply from $6.23 to $5.84 before a late-day rebound to close near $6.13.
• Key support at $5.84 and resistance at $6.24 were tested during volatile sessions.
• A bullish engulfing pattern formed at the $5.84 level, suggesting potential short-term reversal.
• MACD and RSI indicate overbought conditions toward the end of the session, suggesting possible near-term pullback.
• Volatility expanded during midday selloff, with turnover surging to 500k+ at key turning points.

Livepeer (LPTUSDT) opened at $6.22 on 2025-08-25 12:00 ET, reaching a high of $6.258 before declining to a low of $5.84 by 20:15 ET. The pair closed at $6.157 on 2025-08-26 12:00 ET. Total 24-hour volume was ~514,237, and notional turnover was ~$3.2 million, with sharp spikes observed around 20:15 and 15:45 ET.

Structure & Formations

Price dropped from $6.24 to $5.84 over three hours, forming a deep bearish flag before a rebound. A bullish engulfing pattern emerged near the 15:45 ET candle at $5.84, suggesting short-term buying interest. Key support levels at $5.84 and $6.02 were tested, with the 20-period 15-min moving average crossing below the 50-period line earlier in the session before inverting.

Moving Averages

The 20-period and 50-period moving averages on the 15-min chart crossed in a bullish crossover near $5.87, reinforcing the late-day rally. On the daily chart, the 50-period moving average sits around $6.02, with the 200-period at $5.94, suggesting longer-term support is still intact.

MACD & RSI

MACD turned positive after 04:00 ET, confirming the recovery. RSI crossed into overbought territory above 60 during the late-day rebound, indicating possible near-term profit-taking. The RSI divergence at $6.157 suggests caution, as momentum appears to be outpacing price.

Bollinger Bands

Price initially traded within a tight Bollinger Band range between $6.20 and $6.24 before breaking below. The lower band dipped to $5.84, where the price found temporary support. The 20-period Bollinger Band width expanded significantly during the selloff, signaling increased volatility.

Volume & Turnover

Volume spiked to over 50,000 at 20:15 ET and 15:45 ET, confirming key turning points. Notional turnover aligned with price action, with the largest trades occurring near $5.84 and $6.157. The volume-to-price correlation suggests strong institutional participation during these swings.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the $5.84–$6.258 swing sits at $6.07. Price broke above that level during the late-day rally and closed near $6.13, suggesting potential for a test of the 78.6% retracement at ~$6.20. On the daily chart, the 50% and 61.8% levels align around $6.00–$6.02, offering near-term key support.

Looking ahead, a continued bullish bias is possible if LPTUSDT holds above $6.02 and confirms the 61.8% Fibonacci level. However, volatility remains high, and a break below $5.98 could reignite bearish pressure. Investors should monitor volume and RSI for signs of exhaustion or momentum continuation.