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LDOUSDT Holds Short-Term Uptrend Despite Break, Potential for New Highs
The short-term upward trend for #LDOUSDT is still intact, even though it recently broke the ascending channel, which raises doubts about the immediate continuation of this momentum.
Trading volume has started to decrease, reflecting notable indecision among traders.
After the last upward move, the price reached a new high but then retreated, breaking the upward channel.
Despite this, a higher low is maintained, defending a crucial demand zone between 0.69 and 0.70 USDT.
The volume shows selective increases during pullbacks, possibly indicating accumulation at lower levels.
Additionally, several intermediate liquidity zones have been cleared out, setting the stage for a potential new upward surge.
If the demand zone holds, the most likely scenario is a gradual recovery towards the 0.78–0.82 USDT range.
A confirmed rebound could see #LIDO aiming for new short-term highs.
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AI Analysis
The recent break of the ascending channel in #LDOUSDT introduces a level of caution, but an overall bullish structure is still observable in the short term. This suggests that while there may have bee...
AI Recommendation
Given the current market signals, it is advisable to adopt a cautious bullish stance. Monitoring the demand zone at 0.69–0.70 USDT is crucial, as a strong defense there could signal the continuation o...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
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