LDO has achieved a significant technical milestone by breaking above its long-term descending resistance trendline that has been in place since early 2024. This breakout represents a major shift in market structure from bearish to potentially bullish sentiment.
Key Technical Points:
• Price successfully flipped the major resistance around $1.485 into support
• The breakout occurred with strong momentum after months of consolidation
• RSI is trending upward, confirming the bullish momentum shift
Price Targets:
• First resistance: $2.00 (previous consolidation high)
• Major target: $3.50+ resistance zone (red box area)
Risk Considerations:
The projected path suggests a strong upward trajectory, but traders should watch for any rejection at the $2.00 level as a potential pause point.
Key Technical Points:
• Price successfully flipped the major resistance around $1.485 into support
• The breakout occurred with strong momentum after months of consolidation
• RSI is trending upward, confirming the bullish momentum shift
Price Targets:
• First resistance: $2.00 (previous consolidation high)
• Major target: $3.50+ resistance zone (red box area)
Risk Considerations:
The projected path suggests a strong upward trajectory, but traders should watch for any rejection at the $2.00 level as a potential pause point.
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Find top crypto tokens with sector indices, AI-powered sentiment analysis & news summaries.
tokenradar.ai/tv
tokenradar.ai/tv
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.