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Summary
• Price broke key support at $3.10, with bearish engulfing patterns evident in the early morning session.
• RSI and MACD both indicate oversold conditions, suggesting possible near-term reversal.
• Volatility expanded after 14:30 ET as volume spiked during a sharp rebound to $3.058.
• Bollinger Bands show price currently trading near the lower band, consistent with low volatility.
• Fibonacci levels at $3.082 and $3.058 appear to have acted as temporary floors.
Livepeer/Tether (LPTUSDT) opened at $3.133, hit a high of $3.204, and a low of $2.991 before closing at $3.047 at 12:00 ET. Total volume was 227,819.49, with $714,437.34 in turnover.
Structure & Formations
Price saw a significant breakdown below the $3.10 support level early in the 24-hour period, followed by a bearish engulfing pattern around 01:30 ET that confirmed the bearish bias. Later in the session, a bullish engulfing pattern emerged at 14:30 ET as the price rebounded, though this lacked follow-through.
Moving Averages and Momentum Indicators
Short-term moving averages (20/50) on the 5-minute chart have turned downward, aligning with the bearish bias. RSI dipped into oversold territory, suggesting a potential pullback, while MACD showed a narrowing histogram and a bearish crossover.
Volatility and Bollinger Bands
Volatility expanded significantly between 14:30 and 16:00 ET, with a sharp price rebound to $3.058.

Volume and Turnover
Volume spiked during the rebound from $2.991 to $3.058, with over 61,000 units traded in a single 5-minute interval. Notional turnover confirmed the volume surge, showing increased participation during the rally.
Fibonacci Retracements
Fibonacci levels for the recent $3.133–$3.204 swing show the $3.161 and $3.146 levels acted as resistance. On the bear leg, the 61.8% level at $3.082 and 38.2% at $3.118 were key support clusters.
Price appears to be consolidating at current levels after the sharp drop and rebound. A sustained close above $3.082 could signal a near-term reversal, while a break below $3.058 may extend the downward move. Investors should remain cautious given the high volatility and mixed momentum signals.
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