- 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.
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.