Lisk | LSK bearish chart pointing towards $1.5

With the overall market conditions weighing towards the bearish side, I can see LSK dipping into the top of its main accumulation zone of $1.65 - $1.35 from late 2020 and early 2021.

LSK got recently rejected at a trend line, that acted as resistance before. In addition to this, the price couldn't stabilize around the MA200 and even fell below the MA50. That's why I'm overall bearish.

Let's see how this plays out.

Thanks for your support.

Have a good one.