CandleFocus LDO Price Broke Out But Still In Selling Zone, Can It Erupt Soon
2024-09-22
Author: Content Editor
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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