LSK is trading inside a long-term descending channel, with price now compressing into a falling wedge near the lower boundary. This area around 0.17–0.16 is acting as a key demand zone where downside momentum is slowing.
Falling wedges are typically bullish reversal patterns. As long as price holds above channel support, a bounce toward the upper wedge resistance is likely. A confirmed breakout could push price toward 0.27 initially.
A clean breakdown below 0.16 would invalidate the bullish setup and open further downside risk.
LSKUSDT
Perp
0.1801
+0.44%