LDO (Lido DAO) has initiated its upward movement,
LDO/USDT Technical Analysis:
LDO (Lido DAO) has initiated its upward movement, showing promising momentum. Here's a breakdown of the current setup:
Support Zone (Green): The range around $0.87–$1.10 provided a strong base for LDO, which has successfully bounced from this area. This zone remains critical for maintaining bullish momentum.
Pivot Zone (Blue): LDO is now retesting the $1.35–$1.50 pivot area. Flipping this level into support will be a crucial step for further continuation. A sustained move above this zone could trigger stronger bullish momentum.
Dynamic Resistance: The descending trendline that has acted as resistance in recent months has been broken. This breakout indicates a potential shift in trend and opens the path for upward movement.
First Resistance (Red): The next major resistance is in the $2.00–$2.20 range, representing a key level to watch for further confirmation of the bullish trend.
Major Resistance Zone: Beyond $2.20, the next target lies in the $3.50–$3.75 zone, aligning with previous highs. Breaking this area would signal a strong recovery and possible long-term bullish sentiment.
Conclusion:
LDO has started its move upward with strong momentum after breaking its descending trendline. The immediate focus is on reclaiming the pivot zone ($1.35–$1.50) as support. If this level holds, LDO could target the $2.00 and $3.50 resistance levels in the medium term.
Disclaimer: This analysis is for educational purposes only. Trading involves significant risks, and any investment decisions should be made independently with proper risk management.
LDO (Lido DAO) has initiated its upward movement, showing promising momentum. Here's a breakdown of the current setup:
Support Zone (Green): The range around $0.87–$1.10 provided a strong base for LDO, which has successfully bounced from this area. This zone remains critical for maintaining bullish momentum.
Pivot Zone (Blue): LDO is now retesting the $1.35–$1.50 pivot area. Flipping this level into support will be a crucial step for further continuation. A sustained move above this zone could trigger stronger bullish momentum.
Dynamic Resistance: The descending trendline that has acted as resistance in recent months has been broken. This breakout indicates a potential shift in trend and opens the path for upward movement.
First Resistance (Red): The next major resistance is in the $2.00–$2.20 range, representing a key level to watch for further confirmation of the bullish trend.
Major Resistance Zone: Beyond $2.20, the next target lies in the $3.50–$3.75 zone, aligning with previous highs. Breaking this area would signal a strong recovery and possible long-term bullish sentiment.
Conclusion:
LDO has started its move upward with strong momentum after breaking its descending trendline. The immediate focus is on reclaiming the pivot zone ($1.35–$1.50) as support. If this level holds, LDO could target the $2.00 and $3.50 resistance levels in the medium term.
Disclaimer: This analysis is for educational purposes only. Trading involves significant risks, and any investment decisions should be made independently with proper risk management.
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