As it breaks below the $0.34 level, the spot price of $LSK has fallen to around $0.339. Over the past 24 hours, the decline has widened to more than 9%. Riding the momentum, its rank jumped from No. 7 in the previous period to No. 3 on the spot market movers list.
Compared with the subdued, low-volume downward drift that often appears during weak market moves, the order book shows a more concentrated pattern of increased volume and turnover. Over the past 24 hours, the spot trading value exceeded $12 million, with matched trades of more than 152,000 orders. Its ranking shifted forward rapidly in a short time, indicating that the long-versus-short confrontation during the breach of the $0.34 level has been unusually intense.
However, after breaking through the $0.34 psychological threshold, the depth of order-book support for the lower-tier holdings now faces an immediate test. The key point to watch after the breakout with elevated volume is whether the current trading activity can be converted into an effective defense at this level, and whether it can prevent further volatility driven by inertia-driven pullbacks.
#LSK #Crypto
Compared with the subdued, low-volume downward drift that often appears during weak market moves, the order book shows a more concentrated pattern of increased volume and turnover. Over the past 24 hours, the spot trading value exceeded $12 million, with matched trades of more than 152,000 orders. Its ranking shifted forward rapidly in a short time, indicating that the long-versus-short confrontation during the breach of the $0.34 level has been unusually intense.
However, after breaking through the $0.34 psychological threshold, the depth of order-book support for the lower-tier holdings now faces an immediate test. The key point to watch after the breakout with elevated volume is whether the current trading activity can be converted into an effective defense at this level, and whether it can prevent further volatility driven by inertia-driven pullbacks.
#LSK #Crypto