The post Will LSK Sustain Above 200 EMA? appeared on BitcoinEthereumNews.com.

At the time of writing, the Lisk crypto trades with a significant weakness and intraday drop of 2.20%, indicating bearishness. Buyers are making efforts to gain traction in the market, but they are only able to secure a few critical levels of support. Intraday trading volume is 4.826 million. Moreover, the LSK crypto chart suggests following sessions will also show volatility. The Lisk crypto is trading in a downtrend on the daily chart and has underperformed in the past months. Furthermore, the technical indicators continue to signal bearishness, with no signs of a bullish reversal as of now. As per TradingView data, LISK crypto is volatile this year as it gave a 57.16% return year to date and soared by 42.71% in the last 6 months.  Additionally, it gave a 54.72% return in the last 3 months and gave a 13.66% in the last month demonstrating recent weakness. Technical Analysis of Lisk Crypto Price in 1-D Time Frame Source: Lisk.1D.USD by TradingView At the time of publishing, Lisk crypto (USD: LSK) is trading above the 50 and 200-day daily moving averages (DMAs), which are supporting the price trend.  However, if selling volume counts up then the price might conquer supporting DMA’s by making lower highs and lows. Therefore, the LSK price is expected to move downwards giving bearish views over the daily time frame chart. The current value of RSI is 50 points. The 14 SMA is above the median line at which signals that the Lisk crypto is bearish. The MACD line at -0.007215 and the signal line at -0.005625 are below the zero line. A bearish crossover was observed in the MACD indicator which signals more bearishness for the LSK crypto price. On the 4-hour chart, the Lisk token is currently under the control of the sellers, and…

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Filed under: News - @ December 26, 2023 10:08 pm