Have you been keeping an eye on Lido #DAO (LDO)?
This chart is heating up, and the market is teetering on the edge of a major decision.
Will we see an explosive breakout or a retrace to key demand zones?
Let’s break it down to get ahead of the next move.
💎#LDOUSDT recently broke out of a long-term descending resistance trendline, signaling a potential momentum shift in favor of the bulls. However, it’s not out of the woods yet.
The price is currently testing a key resistance level at $2.03, a critical hurdle that must be surpassed to confirm the next leg upward.
A decisive daily close above this level could propel #LDO into the $3.00-$3.10 range, an area of strong resistance that may temporarily pause the bullish momentum.
💎On the flip side, if the breakout falters, the $1.60-$1.85 support zone becomes the key area to watch.
Holding this level would signal that bulls are still in control, but if the price falls below this support, a deeper correction toward the $1.35-$1.45 demand zone could unfold.
Buyers are likely to step in aggressively at these lower levels. However, any daily close below this demand range would invalidate the bullish structure entirely.
💎Right now, the market is at a tipping point. Bulls must sustain their momentum and clear resistance to maintain the upward trajectory. Failure to do so could see the bears stepping in, driving prices lower before the next significant move emerges.
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