Technical CRYPTO Analyst

The breakout of #LDOUSDT from the descending channel formation marks a significant turning point. After months of being trapped in a bearish structure, the breakout above the descending resistance line signals a potential trend reversal. However, the $2.63 level now acts as a major resistance zone. A decisive close above this level is crucial for confirming bullish momentum and opening the path toward the next resistance target near $4.000.

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www.tgoop.com/TechCryptoAnalyst/12722

47.2K viewsJan 23 at 17:34

The breakout of #LDOUSDT from the descending channel formation marks a significant turning point. After months of being trapped in a bearish structure, the breakout above the descending resistance line signals a potential trend reversal. However, the $2.63 level now acts as a major resistance zone. A decisive close above this level is crucial for confirming bullish momentum and opening the path toward the next resistance target near $4.000.

BY Technical CRYPTO Analyst