The Broadening Formation is just one piece of the puzzle. See the full technical breakdown.
Expanding volatility. Sign of instability.
Reversal pattern after a downtrend.
Technical analysis of Lido DAO (LDO) reveals a significant setup. With a last close of $0.26, volatility remains active (-2.18%). The primary technical feature is a Double Bottom formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $0.44, targeting $0.65 with support near $0.34 (R:R 2.0).
What is your outlook on LDO?