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Summary
• Price formed a bearish engulfing pattern near $3.045, followed by a sharp reversal.
• RSI entered oversold territory below 30, suggesting potential short-term rebound.
• Volume spiked during the $3.01–$3.045 range, confirming key support/resistance.
• Bollinger Bands expanded post-noon ET, signaling increased volatility and uncertainty.
• 50-period MA on the 5-minute chart crossed below the 20-period MA, indicating bearish momentum.
Livepeer/Tether (LPTUSDT) opened at $2.927 and traded between $2.835 and $3.045 before closing at $2.864. Total volume was 558,056.11, with notional turnover of $1,649,726.28 over 24 hours.

Livepeer/Tether may find direction based on whether buyers defend $2.86 or if sellers push lower. Short-term traders should watch for a potential bounce off oversold RSI, but bearish momentum remains strong unless a clear reversal forms.
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