The Overall Market Trend is Bullish
In the weekly timeframe for Lido (LDO), we observe that the overall market trend is bullish. This trend is identified by noting that the lows are higher than the previous lows, and the highs are higher than the previous highs. The price is moving within an ascending channel and is heading towards the main target, which is the top of the main channel.
There are significant resistance points along the price's growth path, including a minor channel and a orange support zone. Currently, the price is within this orange area, and we do not expect further growth until the price stabilizes above this region. If the price drops below the bottom of the minor channel, the bullish trend may pause for a while.
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There are significant resistance points along the price's growth path, including a minor channel and a orange support zone. Currently, the price is within this orange area, and we do not expect further growth until the price stabilizes above this region. If the price drops below the bottom of the minor channel, the bullish trend may pause for a while.
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