While several underlying assets continue the momentum of a surge, $LSK has entered an adjustment trend against the grain. The spot price has pulled back to around $0.345, with a decline of roughly 9% over the past 24 hours.
Compared with the weak phase that often comes with shrinking trading volume, the order book shows a more distinct pattern of increased volume and turnover: the spot trading volume in the past 24 hours has exceeded $11.7 million, matched trades have surpassed 150,000 orders. Riding with the trend, it has moved into the top five of the spot movers list, indicating that long and short positions remain highly active even as prices probe lower.
However, after the drawdown reaches around 9%, the thickness of support beneath faces a real test. The key observation following the high-volume pullback is whether the current level of trading activity can form an effective stabilization near the $0.34 level, and help prevent further fluctuations caused by downward momentum.
#LSK #Crypto
Compared with the weak phase that often comes with shrinking trading volume, the order book shows a more distinct pattern of increased volume and turnover: the spot trading volume in the past 24 hours has exceeded $11.7 million, matched trades have surpassed 150,000 orders. Riding with the trend, it has moved into the top five of the spot movers list, indicating that long and short positions remain highly active even as prices probe lower.
However, after the drawdown reaches around 9%, the thickness of support beneath faces a real test. The key observation following the high-volume pullback is whether the current level of trading activity can form an effective stabilization near the $0.34 level, and help prevent further fluctuations caused by downward momentum.
#LSK #Crypto