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The Livepeer price surged 14% in the last 24 hours to trade at $9.16 as of 10:19 p.m. EST as investors rush to buy the crypto.
The LPT price has been in a long-term bullish trend, with the recent gain adding to the altcoin’s positive weekly and monthly performances. As a result, the crypto is up 59% and 94% on the 7-day and 30-day time frames, respectively.
Livepeer Price Breaks Above Resistance, But Bears Push Back
4-hour chart for LPT/USD (Source: GeckoTerminal)
The Livepeer price broke above a resistance level at $9.0073 in the last 24 hours, according to data from GeckoTerminal. It then attempted to breach the next major barrier at $11.1436, but was rejected from this point. As a result, LPT is now testing the $9.0073 mark as support. A drop below this price could expose the altcoin to the risk of falling down to $7.5831.
However, traders identifying the current Livepeer price as a buy opportunity could lead to a more bullish scenario playing out. LPT might then attempt another challenge at the aforementioned $11.1436 resistance. If it does not get rejected again and the pressure from buyers persists, the Livepeer price could end up rising to as high as $13.8140 in the short term.
Technicals Suggest The Livepeer Price Could Go Either Way
From a technical standpoint, indicators on the 4-hour chart suggest the Livepeer price could go either way in the next 24 hours. On one hand, the Relative Strength Index (RSI) is showing a bearish warning sign, while the Moving Average Convergence Divergence (MACD) is flashing bullish.
That’s after the RSI dropped from the mid 60s to the mid 50s in the last couple of hours. This could be seen as an indication of decreasing buyer strength. While the latest value above 50 shows bulls have a slight upper hand over bears, the downward slope of the RSI warns this might not be the case for long.
Meanwhile, a bullish technical flag was triggered by the MACD in the last 24 hours after the MACD crossed above the MACD Signal line to indicate the Livepeer price has entered a positive trend.
With technical indicators sending mixed signals on the 4-hour chart, traders will likely make their next move based on what the Livepeer price does around the $9.0073 mark in the coming few hours.
A drop back below that mark might trigger a wave of selling activity. Conversely, LPT rebounding above the price level could prompt traders to go long.
As traders wait to see what the Livepeer price will do next, investors are buying into the presale for SUBBD Token (SUBBD). Crypto analyst and YouTuber ClayBro, who has over 136K subscribers, says SUBBD could be “one of the best new cryptocurrencies to buy now.”
SUBBD Looking To Challenge OnlyFans And Take Over An $85B Industry
SUBBD is a new AI-powered content creation platform that seeks to take on OnlyFans in the $85 billion content subscription industry. One of the many benefits of the platform is that its AI takes over time-consuming tasks such as research, content creation, and optimization, essentially freeing up time for creators to build closer connections with their fans.
In addition to that, the SUBBD platform’s integration of crypto and blockchain technology removes greedy middlemen from the platform, who, until now, have taken a large cut of creators’ profits.
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SUBBD not only empowers creators and enables them to push out quality content at scale, it also lets fans truly connect with their favorite creators. By simply holding the SUBBD Token, users unlock additional perks such as access to exclusive content, VIP staking benefits, platform discounts, XP multipliers and so much more.
With everything the SUBBD platform has to offer, it’s no wonder over 2,000 top-tier creators have already signed up, with their combined following standing at more than 250 million. That’s a lot of potential SUBBD users waiting for the project to go live, and could lead to strong upside pressure for the token’s price once the project goes live.
SUBBD Token Presale Charges Towards $1 Million
There is already strong demand for SUBBD, as evident by the more than $604K the project’s presale has raised so far.
Interested investors can buy SUBBD for $0.055575 apiece using the widget embedded on the project’s website. The crypto can be bought with both crypto or bank card. Once purchased, tokens can also be staked for the 20% APY rewards on offer to the project’s backers.
Anyone looking to lock in the best presale deal will want to act fast, because the SUBBD Token price will increase as its presale progresses. The next price hike will happen in around 9 hours.
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