$LSK remains strong, but the evidence for chasing the rally has not caught up. Bulls can point to a surge on rising volume, while the cautious side can also point to a genuine spike and retreat; for now, I choose to wait.
Bullish evidence: From 20:00 to 24:00 on October 31, Binance LSKUSDT rose 9.38% over a complete 4-hour candle, with trading volume of 147 million USDT, about 2.02 times that of the previous 4 hours. Over the same period, open interest increased from 41.66 million to 49.36 million LSK, indicating broader participation, but this cannot be counted directly as new long positions.
Reasons for caution: The price spiked to 0.31494 in the final hour, but closed back at 0.29597, down 1.23%. The funding rate settled at 00:00 at -0.10332%; a negative rate also does not guarantee a short squeeze in the next move.
Range to watch: First, see whether the low at 0.29221 holds, then whether the price can reclaim and hold 0.31494. The higher level of 0.31879 is merely a previous high in this move; I will not force it into a high risk-reward target. Neither a pullback nor a breakout has been confirmed, so there is no qualified entry setup at present, and I am not recommending chasing the price. A break below the range low invalidates the recovery outlook.
The project had previously announced plans to shut down Lisk Chain on October 31, but LSK remains active. I have not verified when the shutdown was completed, and I am not treating the old plan as an upside catalyst. This analysis is based on the complete candle at 00:00 on November 1; if the price or structure changes before 02:00, the analysis must be recalculated. Sources: Binance market data and the official Lisk FAQ.
Bullish evidence: From 20:00 to 24:00 on October 31, Binance LSKUSDT rose 9.38% over a complete 4-hour candle, with trading volume of 147 million USDT, about 2.02 times that of the previous 4 hours. Over the same period, open interest increased from 41.66 million to 49.36 million LSK, indicating broader participation, but this cannot be counted directly as new long positions.
Reasons for caution: The price spiked to 0.31494 in the final hour, but closed back at 0.29597, down 1.23%. The funding rate settled at 00:00 at -0.10332%; a negative rate also does not guarantee a short squeeze in the next move.
Range to watch: First, see whether the low at 0.29221 holds, then whether the price can reclaim and hold 0.31494. The higher level of 0.31879 is merely a previous high in this move; I will not force it into a high risk-reward target. Neither a pullback nor a breakout has been confirmed, so there is no qualified entry setup at present, and I am not recommending chasing the price. A break below the range low invalidates the recovery outlook.
The project had previously announced plans to shut down Lisk Chain on October 31, but LSK remains active. I have not verified when the shutdown was completed, and I am not treating the old plan as an upside catalyst. This analysis is based on the complete candle at 00:00 on November 1; if the price or structure changes before 02:00, the analysis must be recalculated. Sources: Binance market data and the official Lisk FAQ.
