🚨 $LIT is bouncing back, but is the recovery strong enough to last? Lighter’s token surged 10%+ in 24 hours as its buyback-and-burn mechanism removed 2.45M LIT worth $9.5M from circulation, cutting supply by 0.98%. Meanwhile, RWA perpetual futures volume has exploded, rising from $21B to $4.25T in cumulative volume this year. But there’s a catch: selling pressure is still present, with CVD showing more aggressive selling than buying. Here are the key levels: • $4: Breakout level that could open the path to $5 • $3.50: Key support for the potential double bottom • $3.00: Losing this level could weaken the broader trend The burn helps reduce supply, but sustained demand is what matters. #Altcoin Season#