TradeCityPro | LDOUSDT The Layer 2 Leader with Highest TVL
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Let's explore LDO, the altcoin with the highest Total Value Locked (TVL) on Ethereum, and analyze potential triggers for spot and futures trades.
🌐 Market Overview
Bitcoin experienced a pullback during the New York session, accompanied by a rise in BTC dominance. This led to a deeper correction in altcoins, but the overall trend remains bullish.
📊 Weekly Timeframe
LDO, a relatively new altcoin, hasn’t experienced a full crypto bull run yet. Its ATH of $4.053 was fueled by the Layer 2 hype. Since then, it broke its weekly uptrend and dropped to $0.924.
LDO has been consolidating in a range between $0.924 and $1.339, forming an accumulation zone.
This week’s candle is attempting to break both the upper range and a descending trendline. A close above $1.339 could trigger a rally, with a stop-loss at $0.924.
📈 Daily Timeframe
After 110 days in the accumulation zone, LDO is breaking out above $1.345. Buyers are showing strength, as the price didn’t revisit the range’s lower boundary after the last rejection.
Likely to enter overbought rsi territory if the breakout sustains, signaling continuation of the uptrend.
For risk-takers, a stop-loss at $1.115 can be set for entries based on the daily timeframe.
⏱ 4-Hour Timeframe
The price is battling strong resistance at $1.408. Despite minor rejections, buyers remain dominant, with the price rebounding from the trendline support.
📈 Long Position Trigger:
Open a long position after a breakout above $1.408, confirmed by increased volume and RSI entering overbought levels.
📉 Short Position Trigger:
Even if short triggers appear, it's better to wait for pullbacks for long entries as the bullish momentum builds.
💡 BTC Pair Insight
Like most altcoins, LDO has been underperforming against Bitcoin. However, it’s attempting a recovery, starting from lower timeframes.
breakout above 0.0002083 BTC could signal a stronger rally against Bitcoin. However, current funds seem concentrated in other altcoins, so its pace might be slower for now.
LDO holds the largest stake in Ethereum, giving it potential to self-support in the short term :)
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Let's explore LDO, the altcoin with the highest Total Value Locked (TVL) on Ethereum, and analyze potential triggers for spot and futures trades.
🌐 Market Overview
Bitcoin experienced a pullback during the New York session, accompanied by a rise in BTC dominance. This led to a deeper correction in altcoins, but the overall trend remains bullish.
📊 Weekly Timeframe
LDO, a relatively new altcoin, hasn’t experienced a full crypto bull run yet. Its ATH of $4.053 was fueled by the Layer 2 hype. Since then, it broke its weekly uptrend and dropped to $0.924.
LDO has been consolidating in a range between $0.924 and $1.339, forming an accumulation zone.
This week’s candle is attempting to break both the upper range and a descending trendline. A close above $1.339 could trigger a rally, with a stop-loss at $0.924.
📈 Daily Timeframe
After 110 days in the accumulation zone, LDO is breaking out above $1.345. Buyers are showing strength, as the price didn’t revisit the range’s lower boundary after the last rejection.
Likely to enter overbought rsi territory if the breakout sustains, signaling continuation of the uptrend.
For risk-takers, a stop-loss at $1.115 can be set for entries based on the daily timeframe.
⏱ 4-Hour Timeframe
The price is battling strong resistance at $1.408. Despite minor rejections, buyers remain dominant, with the price rebounding from the trendline support.
📈 Long Position Trigger:
Open a long position after a breakout above $1.408, confirmed by increased volume and RSI entering overbought levels.
📉 Short Position Trigger:
Even if short triggers appear, it's better to wait for pullbacks for long entries as the bullish momentum builds.
💡 BTC Pair Insight
Like most altcoins, LDO has been underperforming against Bitcoin. However, it’s attempting a recovery, starting from lower timeframes.
breakout above 0.0002083 BTC could signal a stronger rally against Bitcoin. However, current funds seem concentrated in other altcoins, so its pace might be slower for now.
LDO holds the largest stake in Ethereum, giving it potential to self-support in the short term :)
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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