Technical Analysis: $LDO

/USDT – A Bullish Momentum?

LDO/USDT has shown remarkable movement in the past 24 hours, with a strong uptrend of +9.50%, pushing its price to $1.51. Let’s dive into the key data points and chart insights for this pair.

Key Data:

Current Price: $1.51 (+9.50%)

24h High: $1.55

24h Low: $1.27

24h Volume (LDO): 46.80M

24h Volume (USDT): 65.56M

Chart Insights: Looking at the 4-hour chart, LDO has recently breached its key resistance level of $1.50, with a solid close at $1.51, marking a +1.96% increase. The strong momentum suggests a potential retest of the $1.55 level, which has acted as a ceiling in the past 24 hours.

Next Key Levels to Watch:

Support: $1.40

Resistance: $1.55

With a growing interest in liquid staking, LDO could continue to see bullish momentum if the market sentiment holds steady. Traders should monitor the $1.50–$1.55 zone for breakouts or potential pullbacks.

Binance Traders: Stay updated with the latest price movements and execute your trades based on these key levels.