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- Lisk Price is trailing inside a parallel channel on the daily chart. Meanwhile the price is currently in a slump with a loss of 19% in intraday session.
- LSK technical indicators hint at an uptrend in the price. Meanwhile, the LSK/BTC pair is currently trading with a loss of 12.2%
Lisk price is trailing at $3.51 with an intraday gain of 19%. The resistance for LSK price on the upside can be seen at $7. In contrast a bounceback in the price can be expected from $2.7. Lisk has seen an ROI of 5488% which has always been a fascinating point for the investors . The price has seen a jump of more than 10X since the beginning of the year. LSK token price has given a great return to the investors in the past and can continue to do so in the future. LSK/BTC pair is currently in a downtrend but can soon see a positive recovery.
Lisk is currently ranked at 112 in the CMC, with a market capitalization of $613,006,429.The coin volume also went down upto 52.07% in the last 24 hours.
Technical Indicator Suggests A Consolidated Momentum For LSK Token Price
Lisk technical chart highlights a slow paced recovery on the weekly and daily time frame. LSK daily chart hints at an upcoming bullish trend in the future . The price follows a lower low’s trendline and can test the higher levels in the future. It is currently trading below 50 and 100 Daily Moving Average. The 100MA (RED) line is at $5.24, making it a temporary resistance in the asset price.
Coming to the daily chartr, the coin has formed an upside parallel channel and is currently looking for a breakout. If the coin price crosses 15% above the channel, then a strong bullish momentum can be seen.
The volume indicator on the daily chart represents a small selling momentum with the volume of 1.55M. If the price goes above $5.0, an increase in buying volume could be seen.
RSI(Neutral): It is currently trailing at 42.72, showcasing its presence in the neutral zone. A small negative slope is formed in the RSI, highlighting that the price can see a consolidated momentum. The overall sentiment of the RSI is Neutral.
Conclusion
LSK token has great potential and can see a huge spike in the future. LSK/BTC pair can also rally to higher levels in the near future. Investors should do their own due diligence before investing.
Technical Levels
Major Support:$2.7
Major Resistance:$7
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.
