$LDO UPDATE ‼️

$LDO technical Analysis of 2-day Time frame

LDO is currently testing a critical support level at $1.55, which is essential to hold for a potential surge towards $2. At this level, the 50-day Exponential Moving Average (EMA) and a key resistance trendline converge, posing a significant hurdle. A successful breakout above this resistance zone could trigger a bullish rally, potentially propelling the price towards the local high range of $4. Key levels to watch:

- Support: $1.55 (crucial)

- Resistance: $2 (primary), coinciding with the 50 EMA and resistance trendline

- Target: $4

- Invalidation point: A close below the support trendline, which would negate the bullish outlook.

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