Crypto
LDO Coiled Spring at $0.37 Sets Stage for Big Move
LDO is stuck in limbo at $0.37, its own pivot point, and traders are divided over what's next.
The token has been trading flat for a while, but beneath the surface, the structure is actually more constructive than it seems.
According to Darius Baruo, LDO is trading above its 200-day SMA at $0.36, with the short-term EMA 12 already crossed above the EMA 26 at $0.34.
The Bollinger %B at 0.67 positions price comfortably in the upper half of the range, pressing upward toward the upper band at $0.41.