Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The LDO bear rally could be short-lived forcing LDO to rebound from $1.853 A break below $1.853 will give bears more leverage and invalidate the above bias LDO, the native cryptocurrency of Lido Finance, […]
Source: LDO/USDT on TradingView
Therefore, bulls could come in at $1.853 and push LDO up towards the resistance range of $1.967 – $2.016 or break above it to retest the uptrend line. Thus, LDO could trade within the $1.854 – $2.016 range in the next few hours/days. According to Santiment, LDO saw an uptick in volume as prices rose and declined when prices fell. At press time, there was a considerable contraction in volume that could undermine further buying pressure and uptrend momentum in the short term.
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