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Summary
• Price action showed consolidation between $3.23 and $3.31 on the 5-minute chart.
• A bearish reversal pattern emerged near $3.31 with strong rejection.
• Volume spiked during the downward move, confirming bearish momentum.
• RSI signaled overbought conditions earlier, followed by a pullback into oversold territory.
• Bollinger Bands constricted pre-breakout, suggesting a potential continuation of the downward move.
Livepeer/Tether (LPTUSDT) opened at $3.275 on January 17 at 12:00 ET and reached a high of $3.311 during the 24-hour window. The pair closed at $3.243 on January 18 at 12:00 ET after hitting a low of $3.213. Total volume was 254,744.44, with a notional turnover of $826,389.28.

Price appears to be consolidating below key resistance with bearish bias. A break below $3.23 could trigger further momentum to the downside. Investors may watch for a potential rebound test of $3.26–$3.28 for possible short-term entries, though risk of further near-term weakness remains.
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