(LDO) Eyeing Breakout Towards $1.26

hello guys.
let's analysis LDO

Ascending Channel: LDO is trading within an ascending channel, showing a positive medium-term trend.

Broke Above Resistance: LDO recently broke above the $1.12 resistance (now support), suggesting bullish momentum.

Next Target: The price is likely aiming for the $1.26 resistance zone, a critical area that aligns with the upper boundary of the channel.

Support Zone: The $1.06 - $1.08 region serves as the immediate support in case of a pullback, as it lies at the lower trendline and within a key demand zone.

Bullish Continuation: If LDO can hold above $1.12, it’s likely to push towards the target of $1.26, indicating a possible continuation of the upward trend.