๐ *LDO Breakout Alert!*
Lido DAO (LDO) has officially *broken out of a Descending Broadening Wedge* โ a bullish reversal pattern โ and also reclaimed the *SMA100* on the daily chart. This signals a strong trend shift and opens the door for serious upside ๐
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๐ *Current Price:* 0.869
๐ Technical Breakout Confirmation:
- โ *Descending Broadening Wedge* breakout โก๏ธ often leads to sharp uptrends
- โ *SMA100 Reclaim* โก๏ธ signals bulls regaining short-to-midterm control
- ๐ฅ Increasing volume = growing interest
โ
๐ฏ *Targets (TP):*
- *TP1*:1.08 โ minor resistance and psychological round number ๐ก
- *TP2*: 1.28 โ previous high zone + Fibonacci cluster โก
- *TP3*:1.537 โ major resistance, measured move from wedge breakout ๐
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๐ *Stop Loss (SL):*
- *0.71* โ below SMA100 and wedge support to protect downside ๐
โ
๐ง *Analysis:*
LDO has been consolidating for weeks, and this breakout is *not just technical, it's psychological*. Traders and bots eyeing patterns will recognize the breakout, creating buying pressure. If ETH continues to show strength and staking narratives return, LDO โ being a liquid staking token โ could explode.
โ
๐ฎ *Outlook:*
If market conditions remain bullish and ETH momentum continues, *LDO reclaiming1.5+ is very possible* in the coming weeks.
๐ *Patience + Risk Control = Profit*
Let the trend do the heavy lifting.
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