$LSK has experienced a slight decline of -1.266% over the past 24 hours, indicating weak momentum.
The price fluctuated between a high of 0.399 and a low of 0.383, closely hugging the Bollinger Bands.
With support at 0.383 and resistance at 0.395, the asset is caught in a narrow range.
The overall market trend remains bearish, suggesting traders should be cautious.
Bitcoin’s influence on LSK is currently undefined, which adds uncertainty to its price movements.
Given the volatility, a short-term trading strategy may be more advisable under these conditions.
Key takeaway: LSK is at a pivotal point where a breakout above resistance could signal a trend reversal, while failure to hold support may lead to further decline.
