Summary
• Price declined sharply into a key support zone, forming potential reversal patterns.
• RSI entered oversold territory, suggesting a short-term bounce may be in play.
• Volume spiked during the low, indicating heightened activity amid the pullback.
Livepeer/Tether (LPTUSDT) opened at $3.97 on 2025-12-09 at 12:00 ET, hit a high of $4.015, fell to a low of $3.771, and closed at $3.817 on 2025-12-10 at 12:00 ET. The 24-hour trading volume was 114,625.54 LPT with a notional turnover of $436,635.
Structure & Formations
Price action formed a bearish engulfing pattern early in the session, followed by a bullish hammer near the 24-hour low, suggesting possible support at the $3.77–$3.79 range. . A larger descending triangle is developing on the 5-minute chart, with a potential target if support holds.
Moving Averages
On the 5-minute chart, price has closed below both the 20-period and 50-period moving averages, reinforcing bearish momentum. The 50-period line is approaching a key support level near $3.81, which could trigger a bounce if the trend reverses.
MACD & RSI
The MACD has shown bearish divergence with price, particularly during the afternoon rebound, while RSI has dipped into oversold territory, suggesting short-term buying interest could emerge. A bullish crossover in MACD may signal a near-term pause in the decline.
Bollinger Bands
Volatility expanded during the session, with price touching the lower band at the 24-hour low. The narrowing of bands observed prior to the drop suggests a breakout was likely, and the move down into the band appears to be a confirmed bearish signal.
Volume & Turnover
Volume spiked during the session’s low, confirming bearish conviction, but subsequent volume has remained moderate, indicating a lack of follow-through selling. Turnover was elevated during the selloff, aligning with price action and reinforcing the move lower.
Fibonacci Retracements
The 61.8% Fibonacci retracement of the recent 5-minute rally is now at $3.80, which price has tested and is approaching again. If this level holds, it could offer a short-term floor for near-term buyers.
Price may find a near-term floor between $3.79 and $3.81 if the 5-minute triangle pattern completes, but a break below this range could lead to further consolidation toward $3.76. Investors should remain cautious of diverging momentum and watch for volume confirmation of any reversal.
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