LSK Technical Analysis in Weekly Timeframe

7月13日Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

#LSK has been under a downtrend since March 2024, when it made a local high of $3.250. So far, it has already dropped 77%, and according to this weekly timeframe, it is yet to reach the absolute bottom.

The primary support is at $0.637, from where we can expect a rebound toward the upper resistance trendline at $1.42. The lower support level is at $0.510, which is also an all-time low for #LSK.

- Important Support/Entry: $0.510 to $0.637.
- Resistance: $1.42.
- All-time high: Need to do 17x from the support level.
- Invalidation Point: A breakdown and close below the lower support level.

DYOR, NFA.

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