$LDO Faces Resistance Despite Bullish Candle 🐻
Given the current downtrend and the fact that $LDO is below the SMA25, I believe it's likely to continue its bearish move, potentially targeting the support level of 0.2341, unless it can break above the resistance at 0.3150
Technical check:
✅ Close price above SMA7 📉✅ Bearish 10-bar trend ✅ Last candle is bullish
⚠️ If $LDO breaks above the resistance at 0.3150, the bearish structure could be invalidated, leading to a potential reversal…
#MarketAnalysis #CryptoInsights
Given the current downtrend and the fact that $LDO is below the SMA25, I believe it's likely to continue its bearish move, potentially targeting the support level of 0.2341, unless it can break above the resistance at 0.3150
Technical check:
✅ Close price above SMA7 📉✅ Bearish 10-bar trend ✅ Last candle is bullish
⚠️ If $LDO breaks above the resistance at 0.3150, the bearish structure could be invalidated, leading to a potential reversal…
#MarketAnalysis #CryptoInsights