The LDO chart shows a sharp correction after reaching highs of $1.65, approaching the key buying zone between $1.20-$1.25. This area represents vital support that could mark a technical rebound.
If it manages to defend the buying zone, the price could rebound towards $1.40 and eventually return to $1.55, recovering its short-term bullish bias.
However, if it loses the $1.20 level, it would be exposed to deeper declines, with risks of retracement down to $1, which would negatively affect its trend.