Lossless is a token creators’ hack mitigation tool. Its protocol freezes fraudulent transactions and returns stolen funds to the owner’s account based on a set of fraud identification parameters.
A team of blockchain, cyber-security, fin-tech, DeFi, and cryptocurrency experts founded Lossless in the first quarter of 2021. The LSS token enables participation in the lossless network. As a result, those who own LSS tokens have the right to stake and thus freeze fraudulent transactions, which will be audited and evaluated to determine whether or not it was a hack. Lossless set out to prevent and reverse all upcoming hacks in the DeFi space, thereby making it a safe industry in which to grow. Let us review the LSS price
LSS Price Prediction
Bullish Scenario: Since LSS has risen by more than 150 percent in price since last month, it may retrace back to support levels of $0.52. After retracements, if LSS manages to break above the resistance level at $0.93, it will be bullish. Breaking above the $1.16 price level with significant buying volume will result in a move towards $1.46 and higher.
Bearish Scenario: We don’t have a strong bearish bias for the short term because LSS has been in an uptrend over the past month. If the support level of $0.41 does not hold, the price will sooner or later fall to $0.29, $0.15, and even lower.
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