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$LSK Just Did a 5–10x. This Is a Squeeze, Not a New Floor. 🔥
LSK sat near $0.10 for weeks. Then it ripped. Prints hit $0.50–$1.20 depending on the venue. From the $0.10 base that’s roughly 400–1,000%. Volume exploded.
Why it moved
DAO passed a 100M LSK burn (400M → 300M). Lisk Chain dies Oct 31. Token pivots to Ethereum as a loyalty token. Thin book + supply headline = squeeze.
Technical Snapshot
• Base: $0.10 – $0.12
• Breakout: $0.14 – $0.25
• Spike zone: $0.50 – $1.20
• RSI: extreme (90+)
• Volume: multi-day explosion
The Setup:
Parabolic. First real support is a long way down — $0.25, then $0.14, then the old $0.10 box. Late longs get chopped. If it holds a higher low above $0.25 after the wick, the burn narrative can have a second leg. If it loses $0.14, this was just a headline pump.
Don’t chase the candle. Trade the reclaim or fade the wick.
#LSK #Lisk #Crypto #TA
Not financial advice. 1000% pumps dump just as fast.