#LDO even broke out of the descending channel formed in the daily time frame and broke the support level of $1.380-$1.480.

After breaking the first support level, #LDOUSDT reached the main support level in the range of $0.870-0.930 and was well supported in this range.

The price has re-entered the descending channel and now the level of 1.380-1.480 dollars has become a resistance against the price growth. After breaking this level, the price will grow to the top of the channel in the first step.

Currently, #LDOUSDT is at a crucial crossroads as it shows signs of bullish continuation at $0.930. If the price can hold steady at this level, there’s a solid chance we could witness a breakout above the descending resistance of the ongoing channel. But momentum is everything here, and sustained buying pressure will be essential for this breakout to become a reality.

If the bulls fail to push above $1.500, the momentum could shift back to the sellers. The critical support level to keep an eye on is still $0.850, which has been tested twice and held strong. A rebound from this level would keep the bullish outlook alive and potentially set the stage for another attempt to break higher.

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.

#LDOUSDT The price has been in a long-term downtrend and is currently near the ceiling of this downtrend and the price is in an important decision area: break the downtrend or continue the downtrend. In case of a downtrend channel break, we can prepare for a bullish position after a pullback and confirmation of the channel break, the targets of which are clear on the chart.