LDO Support Zone: Is a Trend Reversal Coming?

[tradelikepro]

Welcome!
In this analysis, I want to review the LDO coin for you, one of the DeFi projects with a $634 million market cap, currently ranked 87th on CoinMarketCap.

4-Hour Timeframe
On the 4-hour timeframe, this coin is sitting on a very important support level, which has already been tested twice.

️ Overall, a downtrend is visible on the LDO chart, and breaking this support zone could allow the price to continue moving within this bearish structure.

If this support breaks, we can open a short position.The next support zone the price may head toward is 0.6229.

If the coin gets supported at this level instead, the first long trigger will be the 0.7840 level.A stabilization above this level will be the first sign of bullish momentum returning.

The main trend-reversal triggers are 0.8962 and 1.0209.For spot buying, we can wait for a breakout of these levels.

However, for spot entries, besides these triggers, I also wait for confirmation from macro indicators such as Others.D and BTC.D.I do not enter based solely on price confirmation.

Final Thoughts

Stay calm, trade wisely, and let's capture the market's best opportunities!

This analysis reflects our opinions and is not financial advice.

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