$LDO has shown a strong rebound from the 0.575 support zone, followed by a sharp impulsive move to 0.609. This move indicates aggressive dip-buying and a potential short-term trend shift.
š¹ Price Structure: Higher low confirmed after the bounce
š¹ Support Zone: 0.585 ā 0.575 (key demand area)
š¹ Resistance Zone: 0.605 ā 0.612
š¹ RSI (6): ~63 ā bullish momentum, not overbought
š¹ MACD: Bullish crossover with rising histogram
š¹ Volume: Spike on the breakout move ā buyer dominance
š Bullish Scenario:
If LDO holds above 0.59, a retest of 0.61+ is likely. A clean breakout above 0.612 with volume could push price toward the next resistance zone.
š Bearish Risk:
Failure to hold 0.59 may lead to a pullback toward 0.585, but as long as price stays above 0.575, the structure remains bullish.
Conclusion: Momentum currently favors the bulls. Best strategy is to wait for a pullback confirmation or a break-and-hold above resistance.
Not financial advice. Trade with proper risk management.
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