Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
LDO is currently holding a crucial support level at $1.55. LDO needs to maintain this support level for a decent push toward $2, where the 50 EMA and resistance trendline are located.
A further breakout will likely create a bullish rally, potentially taking the price to the local high range of $4.
Key levels:
- Crucial Support: $1.55. - Primary Resistance: 50 EMA and $2 resistance trendline. - Target: $4. - Invalidation Point: A close below the support trendline.
DYOR, NFA.
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