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Technical analysis by Alpha-GoldFX about Symbol LPT: Buy recommendation (12 hour ago)

https://finbeet.com/message/3890127
Alpha-GoldFX
Alpha-GoldFX
Rank: 2443
2.1

LPTUSDT Forming Falling Wedge

Message Type:Buy
Price at Publish Time:
$5.75
Buy،Technical،Alpha-GoldFX

LPTUSDT is displaying a classic falling wedge pattern, a technical formation often associated with bullish trend reversals. This setup suggests that selling momentum is slowing down while buying pressure is gradually increasing. The narrowing wedge formation indicates that price compression is nearing its limit, and a breakout to the upside could be imminent. With strong volume support, this technical structure points toward potential bullish momentum once the resistance line is breached, setting the stage for a major rally. The falling wedge on LPTUSDT reflects accumulation at lower levels, where smart money and strategic investors often begin building positions before a breakout occurs. The expected gain of 90% to 100% aligns well with the typical post-breakout movement of this pattern. Traders are closely monitoring the breakout zone for confirmation, as volume spikes often precede large upward moves. If confirmed, the next leg higher could push LPT toward its key resistance zones, opening room for significant short-term gains. Investor sentiment toward LPTUSDT continues to improve, with growing confidence around the project’s long-term potential and network utility. As the broader crypto market regains momentum, pairs like LPTUSDT showing bullish technical structures are becoming increasingly attractive to swing traders and investors seeking strong recovery opportunities. Maintaining healthy trading volume and interest from participants further supports the probability of a successful bullish breakout in the near term. ✅ Show your support by hitting the like button and ✅ Leaving a comment below! (What is You opinion about this Coin) Your feedback and engagement keep me inspired to share more insightful market analysis with you!

Source Message: TradingView