LDO/USDT Technical Analysis โ€“ 1D

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# ๐Ÿ“‰ LDO/USDT Technical Analysis โ€“ Daily Timeframe

๐Ÿ” LDO price is currently sitting on its **90-day support level**. This is a crucial area because if the price manages to hold this support, we could see an upward move toward **2.35 USDT**, which is a key daily resistance level.

๐Ÿ“Œ **Bullish Scenario:** If buyers step in and defend this support zone, we might witness a rally toward **2.35 USDT**, representing a **51% increase** from the current price.

โš  **Bearish Scenario:** However, if the **1.544 USDT** support level is lost on the daily timeframe, the next critical support would be at **0.925 USDT**. This is the **last major support zone** on the daily chart, and losing it could trigger further downside.

๐Ÿ“Š **Indicators Overview:**
๐Ÿ”น **Volume:** An increase in volume at key levels signals strong buying or selling pressure. Currently, volume is declining compared to the average, indicating uncertainty among traders.
๐Ÿ”น **RSI:** The Relative Strength Index (RSI) is at **44.22**, suggesting that the market is in a neutral zone with balanced buying and selling pressure.

๐Ÿ‘€ **Do you think LDO can bounce from this support level, or are we about to see another drop? Share your thoughts in the comments!**

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๐Ÿ”น **This analysis is for informational purposes only and should not be considered financial advice. Please manage your risk accordingly before making any trading decisions.**

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