Lido DAO (LDO) : Breakout or Pullback? Key Levels to Watch

#LidoDAO #Lido #Write2Earn! #BinanceSquareFamily #LDO/USDT📈

Technical Overview :
Lido DAO (LDO) has broken out of a long-term descending resistance trendline, signaling a bullish momentum shift. However, it’s now facing key resistance at $2.03, a decisive level for confirming the next upward move.

Critical Levels to Monitor :

Resistance :
$2.03 : Immediate hurdle for bulls.
$3.00–$3.10 : Strong resistance zone if $2.03 is cleared.

Support :
$1.60–$1.85 :

Key support to maintain bullish momentum.

$1.35–$1.45 :

Demand zone for potential reversal if support falters.

Scenarios :

Bullish Breakout :
A daily close above $2.03 could propel LDO toward $3.00–$3.10, with potential for further gains if momentum sustains.
Bearish Rejection:

A failure to hold $1.60–$1.85 support may lead to a deeper correction to $1.35–$1.45. Any close below this demand zone invalidates the bullish structure.

Indicators :
The trendline breakout signals bullish potential.
Watch for volume confirmation and daily closes above/below critical levels.

Pro Tip :
Set stop-loss levels near $1.60 for upward trades and $1.35 for deeper corrections. Avoid over-leveraging as LDO approaches resistance.

Conclusion :
LDO is at a pivotal juncture. Bulls must decisively clear $2.03 to maintain their edge, while bears will aim to regain control below $1.85. Trade smart and let the price action confirm your bias. 🌟