$LSK pumped hard (+~300% in 24h) on news of its native chain shutdown (Oct 31) and pivot to an Ethereum/Base enterprise treasury platform, plus a potential 100M token burn (~25% supply cut).**
It spiked to $2 before sharp rejection and is now consolidating around $0.80 after heavy short liquidations and massive futures volume.
Technicals show cooling momentum: price below Supertrend, MACD histogram negative, RSI(6) near 43 (neutral), and KDJ low — classic post-parabolic pullback.
High risk of further volatility; the move looks more like a narrative-driven squeeze than sustainable trend so far. Not financial advice.
#ClarityActFacesProceduralVoteSept15 #US10YearTreasuryYieldNears5% #USBankCompletesCrossBorderPaymentPilotOnStellar #EtherRalliesAsBearishBetsLiquidate #SECReceivesGrayscaleLitecoinTrustETFFiling
It spiked to $2 before sharp rejection and is now consolidating around $0.80 after heavy short liquidations and massive futures volume.
Technicals show cooling momentum: price below Supertrend, MACD histogram negative, RSI(6) near 43 (neutral), and KDJ low — classic post-parabolic pullback.
High risk of further volatility; the move looks more like a narrative-driven squeeze than sustainable trend so far. Not financial advice.
#ClarityActFacesProceduralVoteSept15 #US10YearTreasuryYieldNears5% #USBankCompletesCrossBorderPaymentPilotOnStellar #EtherRalliesAsBearishBetsLiquidate #SECReceivesGrayscaleLitecoinTrustETFFiling
