LDO Technical Analysis in 2-Day Timeframe.

28 Jul

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Now, let’s dive into this chart analysis:

LDO is currently holding a crucial support level at $1.55. LDO needs to maintain this support level for a decent push toward $2, where the 50 EMA and resistance trendline are located.

A further breakout will likely create a bullish rally, potentially taking the price to the local high range of $4.

Key levels:

- Crucial Support: $1.55.
- Primary Resistance: 50 EMA and $2 resistance trendline.
- Target: $4.
- Invalidation Point: A close below the support trendline.

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