- Lisk Price has been trading in a falling wedge since the start of April 2022.
- The crypto asset fell below each of 20, 50, 100 and 200-days Daily Moving Average.
- The pair of LSK/BTC is CMP at 0.00005059 BTC with an intraday gain of 1.22%.
Lisk Price is falling through a falling wedge pattern. Basically, a falling wedge pattern is a bullish pattern it shows the fall of a crypto asset upto an instinct with contracting price change in wedge. Eventually the token trades in a wedge making lower lows and lower highs. Lisk price got trapped inside a falling wedge pattern over the hourly chart and this shows that the token will continue to fall upto an instinct and then may signal a trend reversal over the hourly chart. LSK investors need to wait for any trend reversal or for any directional change over the hourly chart.
LSK coin is presently CMP at $2.02 and has lost 3.99% of its market capitalization in the last 24-hour period. However, trading volume is slightly up by 8.37% in the intraday trading session. This shows that traders are getting involved in the trade for LSK, but in less amounts. LSK must attract more buyers to escape from the falling wedge pattern over the hourly chart. The volume to market cap ratio is 0.03112.
Lisk Price is trading inside a falling wedge pattern over the hourly chart. However, the token stands at the lower trendline of the wedge and is trying to move up with slight uptrend momentum. It’s a matter of time to see if bulls manage to sustain at the higher trendline to escape or get trapped in the intraday trading session. Although, the trading volume can be seen below average and needs to grow in the intraday trading session for LSK to register its escape.
LISK Price Make-up or Break-up
Lisk Price is trading in a falling wedge pattern over the hourly chart. The token is trying to sustain at the lower trendline and moving ahead towards the upper trendline. The LSK coin must attract more buyers to sustain at the higher level. Technical indicators showcase LSK coin’s uptrend momentum over the chart. Relative Strength Index forecast that the token is returning from being oversold. RSI is marked at 31 and shows that LSK coin is returning from the oversold territory.
MACD exhibits bullish momentum of LSK coin. The MACD line is moving upwards, towards the signal line for a positive crossover.
Lisk Price is trading in a falling wedge pattern over the hourly chart. The token is gaining pace to move upwards towards the upper trendline. LSK investors need to wait for any directional change over the chart in the intraday trading session. Falling wedge pattern basically denotes an upcoming trend reversal over the chart.
Support Levels: $1.95 and $1.80
Resistance Levels: $2.12 and $2.73
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.