$LSK — ANOTHER LEG DOWN POSSIBLE? 🚨
Don’t mistake every bounce for a reversal.
LSK is still trading under significant pressure, while the market is waiting for the project’s major transition.
🔴 Weak price structure
🔴 Lower highs / lower lows
🔴 $0.25 support under pressure
🔴 Binance Monitoring Tag = major risk
🔴 Lisk Chain shutdown scheduled for Oct 31
🔴 New ecosystem still needs to prove real adoption
If **$0.25 breaks decisively with heavy volume**, the next downside zones could come into focus around **$0.23 → $0.20 → $0.18**.
And if selling accelerates, a **30–50% drawdown from current levels cannot be ruled out**.
⚠️ But remember: this is a risk scenario, NOT a prediction.
For bulls, the chart needs to prove strength first.
**$0.25 holds → possible relief bounce.**
**$0.25 breaks → downside opens.**
**$0.30+ reclaimed with strong volume → bearish thesis starts weakening.**
$LSK is at a decision point.
**No confirmation = no blind conviction.**
Don’t mistake every bounce for a reversal.
LSK is still trading under significant pressure, while the market is waiting for the project’s major transition.
🔴 Weak price structure
🔴 Lower highs / lower lows
🔴 $0.25 support under pressure
🔴 Binance Monitoring Tag = major risk
🔴 Lisk Chain shutdown scheduled for Oct 31
🔴 New ecosystem still needs to prove real adoption
If **$0.25 breaks decisively with heavy volume**, the next downside zones could come into focus around **$0.23 → $0.20 → $0.18**.
And if selling accelerates, a **30–50% drawdown from current levels cannot be ruled out**.
⚠️ But remember: this is a risk scenario, NOT a prediction.
For bulls, the chart needs to prove strength first.
**$0.25 holds → possible relief bounce.**
**$0.25 breaks → downside opens.**
**$0.30+ reclaimed with strong volume → bearish thesis starts weakening.**
$LSK is at a decision point.
**No confirmation = no blind conviction.**