【See the drop】
LDO is currently reported at 0.3331, down 6.64% over the past 24 hours. It is still down 13.26% over the past 7 days. The intraday range is 0.3305–0.3587, with a volatility of 8.5%.
【Market View】
LDO is down 6.64% in the last 24 hours. After rebounding to around 0.3587, it was pushed back down. The density of sell orders from trapped longs above is high.
The support at 0.3305 has not been truly tested with real trading, so confidence is insufficient.
Over the same period, BTC is down 1.30% in 24 hours, while LDO’s 6.64% decline clearly underperforms the market. Funds are withdrawing.
In the short term, the bias is bearish.
【Bearish Rationale】
A 6.64% drop over 24 hours and a 13.26% decline over 7 days are moving in the same downward direction, meaning short-term and medium-term momentum are consistent.
The rebound is on shrinking volume, while the selloff is on increasing volume. In this kind of structure, every attempted rebound is likely to be sold back down.
If there is a sudden surge in volume near 0.3305, it would indicate that some funds are starting to bottom-fish; at that time, don’t fight for too long.
For trading, treat 0.3587 as the rebound resistance level, and 0.3305 as the next observation point.
$LDO #LDO
LDO is currently reported at 0.3331, down 6.64% over the past 24 hours. It is still down 13.26% over the past 7 days. The intraday range is 0.3305–0.3587, with a volatility of 8.5%.
【Market View】
LDO is down 6.64% in the last 24 hours. After rebounding to around 0.3587, it was pushed back down. The density of sell orders from trapped longs above is high.
The support at 0.3305 has not been truly tested with real trading, so confidence is insufficient.
Over the same period, BTC is down 1.30% in 24 hours, while LDO’s 6.64% decline clearly underperforms the market. Funds are withdrawing.
In the short term, the bias is bearish.
【Bearish Rationale】
A 6.64% drop over 24 hours and a 13.26% decline over 7 days are moving in the same downward direction, meaning short-term and medium-term momentum are consistent.
The rebound is on shrinking volume, while the selloff is on increasing volume. In this kind of structure, every attempted rebound is likely to be sold back down.
If there is a sudden surge in volume near 0.3305, it would indicate that some funds are starting to bottom-fish; at that time, don’t fight for too long.
For trading, treat 0.3587 as the rebound resistance level, and 0.3305 as the next observation point.
$LDO #LDO
