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$LDO at a critical junctor for support
Watching $LDO closely here. We've been consolidating around this $0.29 level for a bit, and today's action confirms it's a make-or-break zone. The last bounce off this region had some conviction, but the follow-through was lacking. If we lose $0.292 decisively on sustained volume, especially if the daily close is below it, I'd expect a retest of $0.27 or even lower. The risk for any bullish thesis here is a break and hold below $0.292. Conversely, a clear push back towards $0.29971, which was the day's high, with strength, would suggest some underlying demand is still present, possibly setting up for a move towards $0.31-0.32 again. Just my read, but this $0.292-0.29971 range is critical right now.
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