$LSK
📊 LSK/USDT | update after the collapse
- Trend: 🔴 bearish in the medium term, with an attempt to form a bottom in the short term after a -60.62% drop.
- Resistance: 0.47566 then 0.61159 then 0.74753.
🔴 Support zones
- 0.37062: immediate support and the current bottom.
- 0.35000: psychological support if the bottom is broken.
- 0.30000: deeper support if the decline continues.
📈 Indicators
- RSI(6): 30.93, in the oversold zone, increasing the likelihood of a technical rebound.
- MACD: DIF -0.03123 is higher than DEA -0.03834, with the bars turning toward green, indicating a slowdown in bearish momentum.
- Price action: consolidation between 0.37062 and 0.40000 after the vertical drop halted, with an attempt to build a base.
🎯 Scenarios
🟢 Bullish scenario:
Holding above 0.37062 with confirmation of positive momentum may push the price toward 0.47566. Breaking through it opens the way to 0.61159.
🔴 Support-break scenario:
Breaking 0.37062 with a clear close may drive the price toward 0.35000 and then 0.30000.
⚖️ Summary
The price has entered a phase attempting to form a bottom, but the overall trend is still bearish.
0.37062 is the critical level right now: holding above it supports a technical rebound, while breaking it strongly restores selling pressure.
📊 LSK/USDT | update after the collapse
- Trend: 🔴 bearish in the medium term, with an attempt to form a bottom in the short term after a -60.62% drop.
- Resistance: 0.47566 then 0.61159 then 0.74753.
🔴 Support zones
- 0.37062: immediate support and the current bottom.
- 0.35000: psychological support if the bottom is broken.
- 0.30000: deeper support if the decline continues.
📈 Indicators
- RSI(6): 30.93, in the oversold zone, increasing the likelihood of a technical rebound.
- MACD: DIF -0.03123 is higher than DEA -0.03834, with the bars turning toward green, indicating a slowdown in bearish momentum.
- Price action: consolidation between 0.37062 and 0.40000 after the vertical drop halted, with an attempt to build a base.
🎯 Scenarios
🟢 Bullish scenario:
Holding above 0.37062 with confirmation of positive momentum may push the price toward 0.47566. Breaking through it opens the way to 0.61159.
🔴 Support-break scenario:
Breaking 0.37062 with a clear close may drive the price toward 0.35000 and then 0.30000.
⚖️ Summary
The price has entered a phase attempting to form a bottom, but the overall trend is still bearish.
0.37062 is the critical level right now: holding above it supports a technical rebound, while breaking it strongly restores selling pressure.