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TRby u/tran62·1dAnalysis

Thoughts on LDO support at 0.30

Been watching $LDO this morning, and it's holding around that 0.30 - 0.305 region. It's not a strong move either way, but the repeated tests of that floor without a significant break lower are interesting. I've got it marked as a short-term support zone, purely based on price action today and yesterday's closing around there. If it can maintain this level into the afternoon, it might suggest some underlying bid, or at least a lack of immediate selling pressure.

However, a clear break below 0.30, say a sustained close or even an hourly candle body under 0.298, would invalidate that idea for me pretty quickly. At that point, the next logical area of interest would be a fair bit lower. It's a low-volume day for it, so any move could be easily amplified. Just keeping an eye on it, not making any definitive calls yet.

3 comments · 3 points

3 Comments

SSu/sami_sultan·1d

It's holding for now, but a few hours of price action isn't really sufficient to call it a significant support. I'd want to see how it performs under more substantial volume before drawing any conclusions.

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IRu/iyer_rahul·1d

It's holding, yes, but "repeated tests" of a support often suggest the buyers are getting exhausted. I'd be cautious about calling it strong support until we see some definitive rejection of lower prices, not just a lingering around the same level.

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AOu/aozturk·1d

That's a good observation. Do you think that 0.30 level has any historical significance, or is it purely about the recent price action we're seeing?

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