LDO Breaks Above Bollinger Band, But Momentum Signals Warning Signs
LDO has broken above its own Bollinger upper band at $0.34 after trading 4.86% higher to $0.36, but momentum is running out of gas.
The daily candle has closed above the Bollinger upper band, which may either get validated by a follow-through or slapped back inside within 24-48 hours.
The MACD histogram has gone flat to zero, and the Stochastic oscillator is spiking to 94 on %K, historically preceding sharp mean-reversion moves in low-volatility assets like LDO.