Lisk (LSK) experienced a significant surge, climbing 62.6% within 24 hours to reach $0.42. This rally was marked by a break above a descending wedge pattern and was accompanied by a 258% increase in open interest, adding $38.9 million in just four hours. The surge was fueled by a broader altcoin rotation, as Bitcoin's market dominance fell to 59.3%.
The spike in LSK's trading volume, which soared over 5,500% to $237 million, was further supported by positive ecosystem developments. These include the launch of the $15 million EMpower fund and Lisk's migration to the Optimism Superchain. Key technical levels show support at $0.2574, with resistance between $0.3372 and $0.4591.
Lisk (LSK) Jumps 62.6% on Ecosystem Growth and Market Dynamics
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