The solid bull run has taken Lisk price into overbought territory. So a long-term correction could be on the chart for LSK coin because a news about rebrending could possibly contributing to price drop.
Right now, Lisk's RSI reading of over 73.1 is used to identify an overbought condition (signal to sell), which is clearly in the overbought territory and an indication that a long-term correction is due for several months.
The bearish sentiment is also reflected by the Bollinger Bands indicator. Lisk price is currently in close proximity to the upper band and a continued rise could see the stock breach the band. These are strong reversal signals, implying that coin price could be headed well lower after rebrending.
Right now, Lisk's RSI reading of over 73.1 is used to identify an overbought condition (signal to sell), which is clearly in the overbought territory and an indication that a long-term correction is due for several months.
The bearish sentiment is also reflected by the Bollinger Bands indicator. Lisk price is currently in close proximity to the upper band and a continued rise could see the stock breach the band. These are strong reversal signals, implying that coin price could be headed well lower after rebrending.
