$LSK is showing an interesting recovery on the 1H chart. Price is around $0.3446, up 7.75% in 24 hours, after bouncing strongly from $0.2920. The move came with clear volume expansion, giving the rebound more weight.
Technically, LSK is holding near the 7-EMA at $0.3449, while the 25-EMA sits at $0.3321. RSI is around 56.5, so momentum has cooled without turning bearish. The key hurdle is $0.3577โ$0.3641, with $0.3762 as the recent swing high. If buyers reclaim that zone with volume, the recovery structure strengthens. On the downside, $0.3320 is the first support, followed by $0.3132.
Fundamentally, Lisk is undergoing a major transition: its Chain is scheduled to shut down on October 31, while $LSK shifts toward its new Ethereum-based role. A 100M LSK burn is also part of the transition. Volatility is likely around these catalysts.
#LSK #lisk
Technically, LSK is holding near the 7-EMA at $0.3449, while the 25-EMA sits at $0.3321. RSI is around 56.5, so momentum has cooled without turning bearish. The key hurdle is $0.3577โ$0.3641, with $0.3762 as the recent swing high. If buyers reclaim that zone with volume, the recovery structure strengthens. On the downside, $0.3320 is the first support, followed by $0.3132.
Fundamentally, Lisk is undergoing a major transition: its Chain is scheduled to shut down on October 31, while $LSK shifts toward its new Ethereum-based role. A 100M LSK burn is also part of the transition. Volatility is likely around these catalysts.
#LSK #lisk
