$LPT /USDT Technical Analysis: Breakout Momentum ⚡
The 4H chart for Livepeer (LPT) shows a sharp bullish breakout, gaining +11.12% in the last 24 hours. The price successfully cleared a consolidation range and peaked at $3.449 before finding short-term stability around $3.168.
Market Dynamics & Key Indicators
Trend: Improving bullish momentum. Price is currently above the EMA(7), EMA(25), and EMA(99), suggesting a shift from its prior descending channel on shorter timeframes.
RSI (6): Neutral-to-Bullish at 67.53. While approaching overbought levels, it still has room for a secondary push toward the recent high.
MACD: Bullish crossover with rising green histograms, confirming that buying pressure is currently outpacing sellers.
Volume: Significant volume spike at the breakout candle ($71.39M USDT in 24h) validates the move.
Trade Setup
1. Long Setup (Continuation)
Entry: Look for a retest of the $3.04 - $3.06 zone (Confluence with EMA7 and EMA99).
Target 1: $3.45 (Current Local High).
Target 2: $3.69 - $3.82 (Major 2026 Resistance).
Stop Loss: Below $2.87 (Breaking the EMA25 support).
2. Short Setup (Rejection)
Entry: Bearish rejection at the $3.45 resistance or a break below $3.12.
Target 1: $2.96 (EMA25 support).
Target 2: $2.75 (Previous Support Floor).
Stop Loss: Above $3.55.
$SOMI $FHE
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