LDO/USDT Could LDO Break out the Resistance of ATH ??

19 февр.

💎 LDO has recently experienced significant market dynamics. Initially, it faced a strong rejection upon attempting to break the resistance at its all-time high, resulting in a significant downward movement back to the demand area.

💎 Currently, LDO appears poised to make another attempt at breaking the resistance ATH, especially as it has also broken out of the ascending channel.

💎 If LDO successfully breaks the resistance ATH on its second attempt, we may witness a notable upward movement, potentially reaching our target area. However, if LDO fails to break this resistance for the second time, there is a possibility that the price will retreat to the demand area to gather momentum for another attempt at breaking the resistance.

💎 LDO must bounce from the demand area upon retracement, as failure to do so could signify weakness in the market. A breakdown below the demand area would be a concerning sign, potentially leading to further downward movement toward the support area or even breaching the ascending channel.