đš Lisk Stuck in a Downtrend? $LSK Needs a Miracle to Break Free đŹ
Looking at $LSK âs chart, the situation isnât looking too promising. The token has been stuck in a steady downtrend for months, and the 12-hour timeframe continues to show weakness. With the price hovering around $0.77 and below key moving averages (SMA 7, 25, and 99), it seems like the bears are firmly in control. đ
What really stands out is the low trading volumeâbuyers just arenât stepping up. The MACD lines are flat, with minimal positive momentum, signaling that thereâs no real push to reverse the current trend. If LSK canât break above $0.80 in the near future, we could see a drop to $0.70 or even lower. This pattern of lower highs and sideways movement suggests that bulls are exhausted. đ»
While itâs not all doom and gloom, the odds are stacked against a breakout anytime soon. Lisk holders might want to brace for a rough ride unless we see a sudden uptick in volume or a shift in sentiment.
