According to reports from AMBCrypto, Lighter has surged 11.31% to $0.8818 as cumulative buybacks reached 9.55 million LIT, rising from 7.48 million earlier in March. This steady accumulation reflects consistent demand from the protocol, which continues removing tokens from circulation. As reported by AMBCrypto, nearly 4% of supply now sits absorbed, reducing immediate sell-side availability. Recent purchases, including over 606K LIT within a week, have reinforced this pattern of sustained accumulation.
As reported by AMBCrypto, Lighter has rebounded from the $0.80 support zone after respecting the lower boundary of its descending channel. The token has traded around $0.88 while attempting to reclaim short-term structure inside the channel. According to the analysis, the breakdown pace has slowed, which reflects a shift in seller control. If this recovery continues, price would likely challenge the $1.00 resistance, which aligns with previous consolidation zones.
According to AMBCrypto, open interest has surged 33.62% to $143 million, signaling a sharp increase in leveraged participation. This rise occurs alongside price recovery, which indicates that new positions are entering rather than closing out. As reported by AMBCrypto, traders now show growing interest in LIT, as capital flows into derivatives markets at a faster pace. OI-Weighted Funding Rates sat at 0.0050%, maintaining positive positioning across derivatives markets.
As reported by AMBCrypto, Stoch RSI has rebounded from deeply oversold conditions, with readings now at 27.73 and 13.21. This shift follows a prolonged period of suppressed momentum, where price consistently printed lower lows. The indicator now shows a clear upward turn, reflecting renewed buying activity entering the market. Above the $1.00 resistance, $1.30 remains the next key level where prior rejection occurred.
