Lisk/Bitcoin Breaks Out Above Key Support With Surging Volume

Summary
• Price tested key support at 1.84e-06 and formed a bullish engulfing pattern.
• Momentum picked up with strong volume and turnover during the late ET session.
• Volatility expanded as Lisk/Bitcoin traded above its 20-period moving average.

Lisk/Bitcoin (LSKBTC) opened at 1.87e-06 (12:00 ET − 1), reached a high of 1.98e-06, and fell to a low of 1.84e-06, closing at 1.91e-06 (12:00 ET). Total volume for the 24-hour window was 230,579.5, with a notional turnover of 0.4425 BTC.

Structure & Moving Averages

Price action showed a clear bullish breakout from a 1.84e-06 support level, followed by a retest that confirmed its strength. A bullish engulfing pattern formed around 1.84e-06–1.89e-06. The 20-period moving average on the 5-minute chart was crossed above, suggesting a possible near-term trend reversal.

Momentum and Volatility

The RSI showed a sharp upward move, pushing into overbought territory for a brief period, while MACD turned positive and expanded, indicating strong momentum. Bollinger Bands widened significantly during the price surge, signaling increased volatility and a potential continuation of the move.

Volume and Turnover

Volume and turnover spiked during the late ET window, especially around 08:00–12:00 ET, where large trade blocks (up to 109k volume at 1.97e-06) drove price higher. Notional turnover matched the volume increase, reinforcing the bullish confirmation.

Looking ahead, Lisk/Bitcoin appears to have cleared key resistance levels and could consolidate above 1.9e-06. A pullback to 1.91e-06–1.92e-06 would test the strength of the breakout. Investors should remain cautious of potential profit-taking or renewed selling pressure if volume wanes.