The $LDO cryptocurrency has been in a bearish trend since early 2024, experiencing a volatile decline from previous highs.

Recently, the $LDO price surged above the key “trend reversal” zone, indicating the possibility of a breakout above the descending resistance soon.

Over the past month, the#LidoDao cryptocurrency has shown significant volatility, especially testing and holding the key support level around $1.840.

Currently, the bullish momentum of the LDO price rally is increasing, as can be seen from its ability to sustain above the key support level.

The Gaussian Channel has turned bullish, and the price is currently testing the upper boundary of the channel, indicating a potential uptrend.

According to Coingabbar forecasts, if buyers succeed in breaking the key resistance level of $2,600, it could pave the way for bulls to reach the target of $3,060 by the end of the month.

Conversely, if a bearish trend reversal occurs, LDO could lose momentum, first testing the $1.700 support level and then $1.500.

Key Levels:

Resistance: $3,000-4,000

Support: $1.500-0.860

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