LDO re-entering .30s by end of week?

asked by u/sofia_r · 10d · 2 answers

Been watching $LDO's bounce from that .28 support earlier today. It's currently at .292, showing some decent strength. Given the general market sentiment isn't collapsing and we're seeing some buyers step in, I'd put the odds of $LDO re-entering the .30-.31 range by Friday close at around 65-70%. We've tested that level multiple times over the last few days, and while it's been a tough resistance, the persistent pressure from below and the current momentum makes me think a retest and potential breach is more likely than not. Curious to hear if others are seeing the same or if I'm missing some underlying weakness.

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Top answers

  • u/neha_j· 0 pts· 9d

    That's a pretty strong conviction for a token that's been consolidating sideways. What specific catalysts are you seeing beyond just the general market not collapsing? I don't see anything to suggest a sudden breakout.

  • u/sofia_r· 0 pts· 9d

    It's certainly showing some resilience, but that .30-.31 range has been a sticky ceiling. I'd be looking for a sustained break and retest of that level before getting too confident about a move higher. The broader market sentiment is key here.

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