Technical analysis by CryptoAnalystSignal about Symbol LQTY: Buy recommendation (5/15/2025)

#LQTYThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.986.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 1.011First target: 1.053Second target: 1.114Third target: 1.177