Technical analysis by taika808 about Symbol LDO: Buy recommendation (8/11/2025)

LDO has achieved a significant technical milestone by breaking above its long-term descending resistance trendline that has been in place since early 2024. This breakout represents a major shift in market structure from bearish to potentially bullish sentiment. Key Technical Points: • Price successfully flipped the major resistance around $1.485 into support • The breakout occurred with strong momentum after months of consolidation • RSI is trending upward, confirming the bullish momentum shift Price Targets: • First resistance: $2.00 (previous consolidation high) • Major target: $3.50+ resistance zone (red box area) Risk Considerations: The projected path suggests a strong upward trajectory, but traders should watch for any rejection at the $2.00 level as a potential pause point.