LDO Failed To Break Out Of Correction Phase: What’s Next?
LDO Failed To Break Out Of Correction Phase: What’s Next?
The Lido DAO crypto suffered rejection from the higher boundary of the parallel declining channel pattern and dropped towards the support losing 20.10% this week. The downward move marks a continuation of the correction phase.
Moreover, the LDO crypto has been in a correction phase since February and has dropped nearly 50% from the annual highs. The higher boundary of a declining parallel channel pattern has been acting as a strong resistance.
Currently, the outlook could turn more bearish if the price falls beneath the critical support at $1.80. However, should the bulls manage to uphold this support level, there's potential for the cryptocurrency to initiate a recovery phase.
The Lido DAO crypto suffered rejection from the higher boundary of the parallel declining channel pattern and dropped towards the support losing 20.10% this week. The downward move marks a continuation of the correction phase.
Moreover, the LDO crypto has been in a correction phase since February and has dropped nearly 50% from the annual highs. The higher boundary of a declining parallel channel pattern has been acting as a strong resistance.
Currently, the outlook could turn more bearish if the price falls beneath the critical support at $1.80. However, should the bulls manage to uphold this support level, there's potential for the cryptocurrency to initiate a recovery phase.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.