$LSK — 500% Crazy Move Shocked The Market 🙄😱
This is NOT a chart I’d chase after that vertical move.
$LSK exploded from around $0.10 to above $2, then gave back most of the move. Right now, the chart needs to prove that buyers are actually willing to defend the lower levels.
🎯 Key zone: $0.35–$0.38
If this zone holds → LSK could build a base and make another attempt toward $0.45–$0.50.
If $0.35 breaks decisively → $0.30 becomes the next level I’d watch, followed by ~$0.25.
The fundamental story is still interesting: Lisk is burning 100M LSK, reducing the planned total supply from 400M to 300M. But the project is also shutting down Lisk Chain on October 31, 2026 and shifting LSK toward a loyalty/rewards role on Ethereum.
My read is simple:
🔥 Long-term story = Interesting
📉 Short-term chart = Damaged
⚠️ Volatility = Extreme
I’d rather see $0.35 hold and $0.50 reclaim before getting aggressive.
Right now, confirmation > prediction.
Not financial advice. DYOR and manage your risk.
#LSK #Lisk #Crypto #Altcoins #CryptoTrading
This is NOT a chart I’d chase after that vertical move.
$LSK exploded from around $0.10 to above $2, then gave back most of the move. Right now, the chart needs to prove that buyers are actually willing to defend the lower levels.
🎯 Key zone: $0.35–$0.38
If this zone holds → LSK could build a base and make another attempt toward $0.45–$0.50.
If $0.35 breaks decisively → $0.30 becomes the next level I’d watch, followed by ~$0.25.
The fundamental story is still interesting: Lisk is burning 100M LSK, reducing the planned total supply from 400M to 300M. But the project is also shutting down Lisk Chain on October 31, 2026 and shifting LSK toward a loyalty/rewards role on Ethereum.
My read is simple:
🔥 Long-term story = Interesting
📉 Short-term chart = Damaged
⚠️ Volatility = Extreme
I’d rather see $0.35 hold and $0.50 reclaim before getting aggressive.
Right now, confirmation > prediction.
Not financial advice. DYOR and manage your risk.
#LSK #Lisk #Crypto #Altcoins #CryptoTrading
