Home
News
- Lisk Price is currently trading in an accumulation zone with an intraday gain of 8.35% in today’s trading session.
- Technical indicators for Lisk suggest a bearish momentum coming to an end. Meanwhile, the LSK/BTC pair is currently trading in a bullish mode.
Lisk price is currently trailing at the value of $3.19 with an intraday gain of 8.35%. LSK price ongoing upside will face resistance at the value of $4, and on the downside, it will see a bounce back from $2.5. It has also made an intraday high of $3.27. Lisk price has seen a gain of more than 120% from the start of the year. The price jumped from $1.26 to $3.5 within a span of three months. The LSK/BTC pair also sees a positive move and can see a major breakout in the upcoming trading session.
Lisk is currently ranked at 107, with a market capitalization of $405,230,389.The coin volume also went down up 63% and is currently at the value of $31,607,732.
Lisk Technical Indicator Shows A Bullish Move
Lisk technical chart shows a consolidated move on the weekly and daily chart. The coin’s daily chart highlights that price can see a bullish move in upcoming days. LSK price is trading above 50 and 200 Days Moving Average. The 50MA (RED) line is at the value of $2.4, making it a temporary support. On coming to the shorter time frame of 4-hour, the coin has formed an accumulation zone and is currently trailing inside. If the coin crosses below the zone, a positive retracement would be difficult for the Lisk.
The volume indicator on the 4-hour chart shows a selling momentum with a value at 81K. If the price goes above the zone, an increase in buying volume could be seen.
RSI(Bullish): It is currently trailing at the value of 56.14, showcasing its presence in the overbought zone. A positive slope is formed in the RSI, which showcases that the price is on bullish momentum. There is a negative slope in the RSI, but the slope is very less with a low bearish move. The overall sentiment of the RSI is bullish.
Conclusion
Lisk coin has great potential and can see a positive jump in the upcoming days price. The LSK/BTC pair is also showing positive momentum. An investor should do their own due diligence before investing.
Technical Levels
Major Support:$2.5
Major Resistance:$4
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
