TradeCityPro | LDO: Comprehensive Market Analysis and Prediction👋 Welcome to TradeCity Pro!
In this analysis, I want to review LDO for you. It is one of the key DeFi platforms, and its token currently holds a market cap of $945 million, ranking 72nd on CoinMarketCap.
📅 Weekly Timeframe
On the weekly timeframe, we can see a range box between the $0.957 and $3.389 levels, where the price has been fluctuating for almost two years.
🔽 If you already hold this coin, I recommend activating your stop-loss in case the $0.957 level is broken and waiting for bullish momentum to re-enter the market before buying again.
📈 If the price holds above the $0.957 support, it could rally back toward the top of the range at $3.389. The key trigger levels between the current price and the top of the box are $1.447 and $2.488.
🚀 The main buying trigger is at $3.389, as breaking this level could lead to significant capital inflows, potentially initiating a long-term bullish trend.
📅 Daily Timeframe
On the daily timeframe, a range box between $1.447 and $2.387 had formed, which was broken to the downside, leading to a bearish leg. The main support level is $0.957, and if it fails to hold, the price could enter a new bearish cycle.
🛒 For spot buying, there isn’t a clear trigger yet, so we need to wait for a new structure to form. However, if the price rallies sharply, you could consider entering on a break above $1.489.
💫 As seen on the chart, the red candle volume is significantly higher than the green candles, indicating strong seller dominance. Additionally, the RSI is near the 30 level, and if it breaks below this zone, the bearish scenario becomes more likely.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
