$LSK just printed one of the wildest charts of the day.
On the 1h view it ripped from the low-0.20s area all the way to the 2.0000 high before pulling back hard, with the snapshot sitting near 0.93 and still showing +300%+ on the day plus heavy volume.
The move lines up with Lisk’s confirmed plan to shut down its native chain by October 31, the shift toward an enterprise treasury platform on Ethereum/Base, and the 100M LSK burn proposal that reduces supply by 25%.
Short liquidations also stacked up in the tens of millions, amplifying the volatility both ways.
How are you reading the key levels after this kind of spike-and-fade on the 1h?
#Write2Earn
On the 1h view it ripped from the low-0.20s area all the way to the 2.0000 high before pulling back hard, with the snapshot sitting near 0.93 and still showing +300%+ on the day plus heavy volume.
The move lines up with Lisk’s confirmed plan to shut down its native chain by October 31, the shift toward an enterprise treasury platform on Ethereum/Base, and the 100M LSK burn proposal that reduces supply by 25%.
Short liquidations also stacked up in the tens of millions, amplifying the volatility both ways.
How are you reading the key levels after this kind of spike-and-fade on the 1h?
#Write2Earn
