📢$LDO Market Assessment📊
On the daily timeframe, LDO has established a descending channel pattern, indicating a series of lower highs and lower lows. This pattern suggests a bearish trend, but there are signs of potential reversal🔥
Recently, the price of LDO has managed to break above a critical horizontal support zone, which spans from $2.10 to $2.27. This breakout is significant as it indicates a shift in market sentiment from bearish to bullish📈
Following this breakout, the price has successfully retested the upper boundary of the descending channel, confirming the validity of the breakout. With this confirmation, we can anticipate further upward movements in LDO's price🚀
🔍Crypto Scouts analytics team
