LDO has achieved a significant technical milestone by breaking above its long-term descending resistance trendline that has been in place since early 2024. This breakout represents a major shift in market structure from bearish to potentially bullish sentiment.
Key Technical Points:
• Price successfully flipped the major resistance around $1.485 into support
• The breakout occurred with strong momentum after months of consolidation
• RSI is trending upward, confirming the bullish momentum shift
Price Targets:
• First resistance: $2.00 (previous consolidation high)
• Major target: $3.50+ resistance zone (red box area)
Risk Considerations:
The projected path suggests a strong upward trajectory, but traders should watch for any rejection at the $2.00 level as a potential pause point.
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