LDO Failed To Break Out Of Correction Phase: What’s Next?
The Lido DAO crypto suffered rejection from the higher boundary of the parallel declining channel pattern and dropped towards the support losing 20.10% this week. The downward move marks a continuation of the correction phase.
Moreover, the LDO crypto has been in a correction phase since February and has dropped nearly 50% from the annual highs. The higher boundary of a declining parallel channel pattern has been acting as a strong resistance.
Currently, the outlook could turn more bearish if the price falls beneath the critical support at $1.80. However, should the bulls manage to uphold this support level, there's potential for the cryptocurrency to initiate a recovery phase.
The Lido DAO crypto suffered rejection from the higher boundary of the parallel declining channel pattern and dropped towards the support losing 20.10% this week. The downward move marks a continuation of the correction phase.
Moreover, the LDO crypto has been in a correction phase since February and has dropped nearly 50% from the annual highs. The higher boundary of a declining parallel channel pattern has been acting as a strong resistance.
Currently, the outlook could turn more bearish if the price falls beneath the critical support at $1.80. However, should the bulls manage to uphold this support level, there's potential for the cryptocurrency to initiate a recovery phase.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.