LDO/USDT Technical Analysis
The downtrend structure on the LDO chart remains intact. The price has rebounded to the upper boundary of the trend, touching $1.094. This zone, serving as both channel and horizontal resistance, continues to exert selling pressure. The price is currently around $1,099.
If this area breaks above, the first target range could be the $1,255-$1,318 range. This area has served as strong resistance in the past and will be the next price action area if volume breaks out. Following this zone, the $1,464 and $1,959 levels will be on the agenda.
In a potential pullback scenario, the first support range lies between $0.954 and $0.908, a zone where buying interest has emerged in the past. A breakdown below this level could bring the next support areas into focus at $0.780, $0.700, and $0.611, respectively.
This analysis does not constitute investment advice. It focuses on support and resistance levels that may present trading opportunities in the short to medium term, depending on market conditions. All trading decisions and risk management remain the sole responsibility of the user. The use of a stop-loss is strongly recommended for all trades mentioned.
