During the price pullback test at the $0.35 threshold, $LSK saw its drop over the past 24 hours remain around 8%, with its ranking moving back up to 4th place on the spot movers list.
Compared with the quiet, low-volume stagnation commonly seen during weak adjustments, the trading screen shows a more concentrated pattern of high-frequency matching: over the past 24 hours, spot trading volume exceeded $12.3 million, with more than 152,000 matched trades. Buy and sell sides engaged in high-density turnover and divergent long/short views around the $0.35 level.
However, after the decline has crossed the 8% threshold, the resilience of the bids absorbing the falling supply still faces a real challenge. The key point to observe after the volume-driven contest is whether the current trading activity can establish a solid support above $0.35, and prevent a second pullback caused by losing the battle at the threshold.
#LSK #Crypto
Compared with the quiet, low-volume stagnation commonly seen during weak adjustments, the trading screen shows a more concentrated pattern of high-frequency matching: over the past 24 hours, spot trading volume exceeded $12.3 million, with more than 152,000 matched trades. Buy and sell sides engaged in high-density turnover and divergent long/short views around the $0.35 level.
However, after the decline has crossed the 8% threshold, the resilience of the bids absorbing the falling supply still faces a real challenge. The key point to observe after the volume-driven contest is whether the current trading activity can establish a solid support above $0.35, and prevent a second pullback caused by losing the battle at the threshold.
#LSK #Crypto