LSK BACK IN FORM! +18.16% BOUNCE
My Long Plan:If $0.186 support holds, break of $0.22 = next target $0.29
Why Is It Pumping? Real Reason:
1. BIG SUPPLY CUT - 5.2 Million LSK BURN! 🔥
On Nov 2, Lisk officially shut down its Ethereum Layer 2 (Lisk Chain) and announced that ∼5.2 Million unclaimed staking rewards will be burned. Less supply = price up. A massive deflationary move!
2. New Business Pivot:
Lisk is pivoting from blockchain to an Enterprise Stablecoin Finance Platform - accounts, payments, fiat rails. This means LSK is not just a coin anymore, it's a loyalty token of a real business. New narrative!
3. Oversold + Short Squeeze:
It dumped -33.96%in the last 1 month. Was heavily oversold after ATL of $0.070. Now $35M+ volume is coming in and shorts are getting liquidated. When volume spikes 120%+, a bounce is inevitable.
This is not just a relief bounce, this looks like a real reversal due to supply shock.
Not financial advice - DYOR!$LSK
$ZEC
$CLANKER
My Long Plan:If $0.186 support holds, break of $0.22 = next target $0.29
Why Is It Pumping? Real Reason:
1. BIG SUPPLY CUT - 5.2 Million LSK BURN! 🔥
On Nov 2, Lisk officially shut down its Ethereum Layer 2 (Lisk Chain) and announced that ∼5.2 Million unclaimed staking rewards will be burned. Less supply = price up. A massive deflationary move!
2. New Business Pivot:
Lisk is pivoting from blockchain to an Enterprise Stablecoin Finance Platform - accounts, payments, fiat rails. This means LSK is not just a coin anymore, it's a loyalty token of a real business. New narrative!
3. Oversold + Short Squeeze:
It dumped -33.96%in the last 1 month. Was heavily oversold after ATL of $0.070. Now $35M+ volume is coming in and shorts are getting liquidated. When volume spikes 120%+, a bounce is inevitable.
This is not just a relief bounce, this looks like a real reversal due to supply shock.
Not financial advice - DYOR!$LSK
$ZEC
$CLANKER
