$LDO Technical Update
$LDO is currently trading around 1.2986 USDT, showing mixed signals in the short term. The 7-day moving average (1.2808) sits just above the 25-day MA (1.2746), hinting at mild upward momentum, though it’s not particularly convincing. Price action has been volatile within a tight range, swinging between a 24-hour low of 1.2471 and high of 1.3012, reflecting indecision more than confidence.
The 99-day moving average (1.2977) is just above current price levels, suggesting potential resistance rather than support, especially given the recent drop in trading volume compared to the 5- and 10-period averages. This lack of volume raises questions about the strength behind the recent uptick.
The key issue with right now is lack of conviction. The coin is stuck between bullish hope and bearish reality. The liquid staking sector has cooled somewhat, and while LDO remains relevant, the market isn’t treating it like a leading asset anymore.
Unless it can break cleanly above 1.30 and sustain that level with solid volume, $LDO risks sliding back into the 1.24–1.26 range, where buyers historically step in, but without urgency. Unless there’s a fundamental catalyst or broader market support from BTC, LDO feels more like it’s in a waiting room than entering a breakout zone.
