$LDO LDO/USDT: Testing Key Support Levels – A Short-Term Dip?

Lido DAO (LDO) is trading at $1.748, experiencing a 3.43% decline over the last 24 hours. The token has touched a 24-hour low of $1.728, indicating bearish momentum.

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Key Metrics:

24H High: $1.905

24H Low: $1.728

Volume: 15.41M LDO

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Technical Analysis:

Immediate Support: $1.730 (critical zone for buyers to hold).

Immediate Resistance: $1.780 (key level to watch for recovery).

MACD: Indicating bearish momentum, but the trend is near oversold levels.

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Trade Setup:

1️⃣ Buy Zone: Accumulate near $1.720–$1.730 for a potential bounce.

2️⃣ Targets:

Short-Term: $1.780

Mid-Term: $1.850

3️⃣ Stop Loss: $1.710 (manage risk effectively).

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Insights:

Volume Analysis: Monitor for increased buy-side volume near $1.730 to signal potential rebound.

Risk Management: Tight stop-loss recommended due to ongoing market volatility.

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📢 LDO is showing short-term weakness but could rebound if it sustains above the $1.730 support level. Watch closely for a breakout above $1.780 to confirm momentum.

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