Technical analysis by Traders_Notes about Symbol LDO: Buy recommendation (6/29/2025)

Lido Finance is a major decentralized liquid staking protocol. It allows users to lock ETH and receive stETH, which can then be used across various DeFi platforms.🔍 Technical setup:▪️ Price is moving inside a broad horizontal range with wicks in both directions▪️ Within that, there’s a secondary descending channel▪️ Currently forming a potential double bottom or dragon pattern — both are classic reversal setups📌 Key confirmation level:▪️ A breakout and close above 0.922 USDT would confirm the pattern and signal possible trend reversal🎯 Upside targets if breakout confirms:▪️ 1.77 — short-term target ▪️ 2.57 — mid-range resistance▪️ 3.90 and beyond — long-term potential⚠️ As long as price remains inside the range — it's just preparation.