Crypto
LDO Price Prediction: Mean-Reversion Setup Forms Amidst Extreme Short Positioning
LDO has been struggling at $0.29, below its entire moving average stack.
The SMA 7 at $0.30 is the first hurdle, followed by the SMA 50 at $0.31 and then a cluster of resistance at $0.34-$0.35 from the SMA 20 and SMA 200.
The momentum picture diverges from the trend picture, with the MACD having flatlined and the stochastic %K at 12.25 and %D at 9.80 indicating deep oversold territory.
A taker buy/sell ratio of 0.39 indicates aggressive selling dominating the tape, while retail is sitting 59% short in derivatives.