$LSK
/USDT Market Update – Consolidation After Strong Rally
Current Price: $1.072
24h Change: +2.68%
LSK/USDT surged from the $0.904 level to a recent high of $1.153 before consolidating. Buyers are now defending the $1.056 support, signaling a potential continuation of the uptrend if the price breaks above $1.111.
Key Levels:
Resistance: $1.111 (immediate), $1.153 (recent high)
Support: $1.056 (key level), $1.011 (secondary support)
Observations:
A breakout above $1.111 could lead to a retest of $1.153, with a potential rally toward $1.166.
Failure to hold above $1.056 may trigger a pullback to $1.011.
The consolidation phase provides an opportunity to monitor for breakout or breakdown scenarios. Traders should manage risks and watch for volume increases to confirm direction.