🚹 Why is $LSK slumping 26.1% in a single session?

The 24‑hour volume spiked to $73 M, indicating that the move isn’t just a thin sell‑off but a genuine shift in market participation. Sellers are targeting the $0.80 – $0.78 resistance band, and once the price breached $0.78, the next strong support at $0.73 turned into a fresh pressure point. The broader crypto risk‑off sentiment, driven by macro‑data releases, is also pulling weaker altcoins lower, and LSK’s correlation with BTC’s recent dip amplified the downside.

Technicals show a bearish engulfing candle on the 4‑hour chart, while the RSI is hovering near 35, hinting at possible short‑term oversold conditions—but a decisive bounce will need volume to shift back to buyers.

What level do you think will hold as the next floor for $LSK?

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