Market Overview for Liquity/Tether (LQTYUSDT) on 2025-10-08

• • LQTY/USDT traded in a 24-hour range of 0.702–0.723, closing near 0.716 amid moderate volatility.
• A key 61.8% Fibonacci retracement level at ~0.714 acted as short-term support, with price testing it multiple times.
• Volume surged during late-night buying in the 08:45–09:45 ET window, suggesting potential accumulation.
• RSI and MACD showed no overbought/oversold extremes, indicating balanced momentum.
• Bollinger Bands showed slight contraction mid-session, followed by expansion during late-day buying.

Price Movement and Structure

Liquity/Tether (LQTYUSDT) opened at 0.709 on 2025-10-07 at 12:00 ET and closed at 0.716 on 2025-10-08 at 12:00 ET. During the 24-hour window, the pair reached a high of 0.723 and a low of 0.702, forming a wide intraday range. Notable support emerged at 0.714, aligning with a 61.8% Fibonacci retracement level from a recent bullish swing, while 0.721 served as a short-term resistance. A bullish engulfing pattern formed around 08:45–09:00 ET, followed by a morning consolidation phase.

Moving Averages and Momentum

On the 15-minute chart, the 20-period MA (0.711) and 50-period MA (0.713) remained aligned, supporting a neutral-to-bullish bias. The daily chart showed the 50-period MA at 0.716, the 100-period at 0.714, and the 200-period at 0.710—price closed near the 50-period, suggesting short-term strength. RSI hovered between 50 and 60 all day, indicating no extreme momentum. MACD showed a positive crossover during the morning but faded into a neutral trend by the afternoon.

Volatility and Fibonacci Levels

Bollinger Bands showed a slight narrowing during the overnight hours before expanding during a late-morning push toward 0.721. Price remained within the bands for the majority of the session, suggesting controlled volatility. Key Fibonacci levels included 0.714 (61.8%), 0.711 (38.2%), and 0.706 (23.6%)—all were tested at least once, with 0.714 holding as support.

Volume and Turnover Analysis

The total traded volume amounted to ~878,162.3 LQTY, with a notional turnover of ~$624,397 (based on average price). The most significant volume spike occurred between 08:45–09:45 ET, coinciding with a strong push above 0.721. Notably, volume during the overnight hours was relatively low but picked up during the early-morning Asian session. Price and volume showed alignment during this period, suggesting genuine buying interest.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions on the breakout of the 61.8% Fibonacci level at 0.714, with a stop just below 0.710 and a target at 0.721–0.723. This approach would align with the observed support and resistance levels and the recent bullish engulfing pattern. Given the moderate RSI and MACD behavior, the strategy may benefit from incorporating volatility-based entries (e.g., after a contraction in Bollinger Band width).