🚀 LSK +73.59% — Big Rally Begins to Correct, Still Strong or Already Running Out of Steam?

LSK/USDT recorded an extreme +73.59% gain in 24 hours, but profit-taking pressure is starting to appear on the 30-minute timeframe. The current price is around 0.2347, down considerably after previously touching a peak of 0.2745.

📉 Short-term momentum is beginning to weaken. The price has fallen below MA7 at 0.2428 and MA25 at 0.2391. However, the larger structure remains relatively bullish because the price is still well above MA99 at 0.1689 and Supertrend at 0.2152.

⚠️ RSI(6) has fallen to 42.32, indicating weakening buying momentum without entering oversold territory. MACD requires closer attention: DIF at 0.0076 is already below DEA at 0.0129, while the histogram at -0.0054 is becoming increasingly negative. This suggests the correction could continue.

🎯 Key LSK levels:

Resistance: 0.239–0.245 → 0.269–0.2745

Support: 0.229 → 0.218–0.215 → 0.207

If 0.229 holds and the price reclaims 0.245, a retest of 0.2745 becomes possible. However, if 0.229 breaks, the 0.215–0.218 area will become the next key line of defense.

After a +73% rally, is LSK undergoing a healthy pullback or beginning distribution? 👀🔥

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