LQTY/USDT on the Daily (1D) timeframe remains in a primary downtrend that has been in place since the price peaked around 1.65 USDT. Price is still moving below the descending trendline, indicating that selling pressure remains dominant despite a minor buyer reaction from the lower support area.
The overall price structure continues to form lower highs and lower lows, confirming that the market has not yet exited the bearish phase.
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Pattern Analysis
The chart clearly shows a Descending Channel / Descending Trendline Resistance:
The trendline has capped every upward move since July
Price has experienced multiple rejections at the trendline
Current price action shows a small consolidation near dynamic resistance
In addition, the current structure resembles:
A bearish continuation base
No valid breakout candle yet (no strong daily close above the trendline)
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Key Levels
Resistance Levels:
0.42 USDT → nearest resistance & rejection area
0.47 USDT → minor resistance
0.55 USDT → major resistance
0.62 USDT
0.75 – 0.91 USDT → major supply zone
Support Levels:
0.40 USDT → current psychological support
0.36 USDT → last key support
0.32 USDT → extreme support if breakdown occurs
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Bullish Scenario
The bullish scenario is ONLY valid if a confirmed breakout occurs, with the following conditions:
1. Daily candle closes above the descending trendline
2. Price holds above 0.42 USDT
3. Increasing volume during the breakout
Bullish Targets:
0.47 USDT
0.55 USDT
0.62 USDT
0.75 USDT (if strong momentum follows)
As long as price remains below the trendline, any bullish move should be treated as a pullback only.
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Bearish Scenario
The bearish scenario remains the primary outlook as long as no valid breakout is confirmed:
1. Another rejection at the trendline
2. Breakdown below 0.40 USDT
Bearish Targets:
0.36 USDT
0.32 USDT
If 0.36 USDT fails to hold, the risk of continued downside movement increases significantly.
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Conclusion
LQTY/USDT is still trading within a bearish structure, heavily pressured by a strong descending trendline. Until price can break and close above the trendline, the higher-probability setups remain sell on rejection or waiting for confirmed breakout entries.
Traders are advised to:
Avoid FOMO before confirmation
Wait for a Daily candle close
Focus on price reaction around the trendline and the 0.42 USDT level
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