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LDO Price Broke Out But Still In Selling Zone, Can It Erupt Soon

LDO Price Broke Out But Still In Selling Zone, Can It Erupt Soon
The Lido DAO (LDO) cryptocurrency has been experiencing selling pressure and a decline in price since the beginning of 2024. However, there is potential for a bullish breakout in the near future. Ghost (@TheGhostBTC) has tweeted that if the major support level of $1.00 is defended, the price could move upward to the $1.50 mark. Overcoming the $1.50 hurdle could attract buyers for the $2.20 mark. The LDO price has formed a falling wedge pattern and witnessed a breakout, and technical indicators support a bullish momentum. Monitoring key support levels and price action will be important in determining the next direction for the Lido DAO crypto price.

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