Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

What exactly is LSK? What is it rising for?



LSK is not a sudden new coin that has emerged; it has had its own position in the blockchain world for quite some time. Originally, it was an independent sidechain aimed at "making it easier for developers to build decentralized applications." However, what has truly brought it back into the spotlight recently is its key transformation: it has shifted from being an independent sidechain to becoming an Ethereum Layer 2 based on the OP Stack.

What does it mean? Simply put, it no longer fights alone, but chooses to join the Ethereum ecosystem and become a member of the Optimism "super chain". This shift not only enhances its interoperability and security but also makes it easier to attract funds and developers—especially with the support of the $15 million "EMpower" ecosystem fund, which expands the imagination for the future in areas such as tokenization of real-world assets (RWA).

It's like a store that was originally located at the corner of the street suddenly moving into the largest commercial complex in the city center, where the foot traffic, resources, and exposure are on a completely different level.

Data doesn't lie: How does the technical perspective look?

If you open the LSK price chart, you will find several key signals:

· The moving averages are in a bullish arrangement: the short-term MA (7) has risen above 0.199, although it is still below the long-term averages, but the trend is upward;

· MACD turns positive: DIF crosses above DEA, the histogram turns red, which is a short-term bullish technical signal;

· The trading volume has明显放大.

This data seems to suggest that the rise is not without reason, and the momentum is still there.

But it is also important to remain calm - the price has already surged, MA(99) is around 0.278, and this position may form resistance. Moreover, after any sharp rise, one must be cautious of profit-taking pressure.

Can you make a profit by buying? Should I sell now or buy?

This is probably the most concerning issue for everyone.

From the perspective of emotions and fundamentals, LSK is indeed in a stage of "narrative upgrade". Transitioning to L2, securing funding support, and joining the Optimism camp - these are all tangible benefits that have attracted many investors who are optimistic about the Ethereum ecosystem in the medium to long term.

But whether to enter the market at this moment depends on your own style:

· If you prefer short-term trading: chasing the high now carries certain risks, as the price has already reflected some positive news. It might be better to wait for a correction and gradually position yourself.

· If you are optimistic about its medium to long-term value: The L2 track is still in the early stage of explosion, and if LSK's transformation can be executed properly, there is still room for growth. You may consider gradually building a position when it falls back to the support level;

· If you already hold and are in profit: consider taking partial profits to secure gains, set a stop loss on the remaining position, and let the profits run. $LSK #反弹币种推荐
LSK-18.85%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
GateUser-7f81d5a3vip
· 14h ago
Is it true to tell stories from a humming and whispering perspective, haha, laughing without saying anything is also very cute ☺️? I
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)