LQTY is currently hovering around $0.494, which is a bit awkward — lower than both the short and medium-term moving averages, with the 7-day moving average at 0.511 and the 25-day moving average at 0.527(, but just above the 99-day moving average at 0.492, overall slightly neutral with a hint of weakness.

After the previous high of 0.564 and the subsequent pullback, the price found temporary support at the 99-day moving average. Looking upwards, the range from 0.51 to 0.53 corresponds to MA7 and MA25), which is the current resistance zone; if it can cleanly break through 0.56, it will open up the space for the previous high points. On the downside, the 99-day moving average around 0.49 is the first line of defense, if lost, we will look at 0.45, and below that is the structural low at 0.422.

The trading volume surged during that wave of rally and retracement, and now it has calmed down quite a bit, but buying pressure seems a bit weak. To be honest, unless the bulls can reclaim the short to mid-term moving averages, this neutral to weak trend will likely continue.