The Liquity market is currently dominated by bears, with the price falling below $1.24 for most of the day. Despite opening with bullish pressure and briefly rallying above $1.25, the bears quickly took control and rejected any attempts to move higher. The one-day and four-hour price charts both show a bearish trend, with the RSI, Chaikin Money Flow, and MACD all indicating a downturn. While there is strong support at $1.24, failure to breach this level could result in further downside for Liquity's prices, although a push above $1.25 could signal a bullish reversal.