Looking at $LDO here – potential bounce or just dead cat?

Been watching $LDO for a bit. We've seen it hit this 0.286-0.289 range a few times now, and it's always found some buying interest there. Today's low was around 0.28668, and it's bounced slightly, currently at 0.289. It’s not exactly a V-shaped recovery, more of a lazy drift.

My thinking is if we can hold this zone, say anything above 0.285 on a closing basis, there's a decent chance for a relief rally back towards the prior resistance at 0.302. Above that, maybe even 0.31-0.32. But if 0.285 gives way convincingly, especially with some volume behind it, then this whole idea is toast. We'd probably see it heading to test the next support around 0.275, maybe even lower. So, it's a bit of a coin flip, but the recent price action gives a slight edge to a bounce, provided that immediate support holds.