LDO / TetherUSLong
LDO/USDT Preparing for a Breakout
Updated
LDO is currently testing its dynamic resistance, with a potential breakout on the horizon. After several rejections along the trendline, a strong push above this level could turn the blue pivot area into support, creating a favorable setup for a bullish rally. Key zones to watch include:
Red Zone: Major resistance between $2.00 and $2.50, where previous rallies have struggled. Breaking above this zone would signal a significant upward momentum.
Blue Zone: The pivotal support/resistance flip area. Turning this zone into support could pave the way for a substantial uptrend.
Green Zone: Strong support near $0.878, serving as the lower bound in case of a pullback.
As BTC stabilizes, altcoins like LDO could gain momentum. Patience is essential here; a confirmed breakout with volume could provide an ideal entry point. Stay tuned and watch these levels closely!
Red Zone: Major resistance between $2.00 and $2.50, where previous rallies have struggled. Breaking above this zone would signal a significant upward momentum.
Blue Zone: The pivotal support/resistance flip area. Turning this zone into support could pave the way for a substantial uptrend.
Green Zone: Strong support near $0.878, serving as the lower bound in case of a pullback.
As BTC stabilizes, altcoins like LDO could gain momentum. Patience is essential here; a confirmed breakout with volume could provide an ideal entry point. Stay tuned and watch these levels closely!
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