$LSK /#USDT – Testing Resilience Amid Market Pressure!
The $LSK /#USDT pair experienced a significant correction, dropping 12.15% in the past 24 hours to its current price of $0.983. With a 24-hour high of $1.125 and a low of $0.950, the price movement highlights sharp intraday volatility. The trading volume remains steady at 5.37M #LSK and $5.42M USDT, showing considerable market engagement despite the downturn. The 30-minute chart indicates a failed attempt to sustain the $1.02 resistance level, leading to consecutive bearish candlesticks, although a short-term consolidation around the current price suggests potential stabilization.
This retracement may attract dip-buying interest, especially from investors seeking long-term opportunities in Layer 1 blockchain ecosystems like LSK. However, the failure to reclaim the $1.00 psychological level may signal further downside risk. Traders should watch for a breakout above $1.02 to confirm renewed bullish momentum or a breach below $0.95 for potential short-selling opportunities. With LSK being one of the prominent Layer 1 tokens, market sentiment and ecosystem developments will play a critical role in dictating its next move.
