LDO Price Rally Hitting Structural Resistance

LDO has seen a significant price increase of 5% in a day, reaching its upper Bollinger Band at $0.39, but momentum is dwindling.

The %B reading on LDO's chart is practically sitting on the ceiling at 0.99, and the MACD histogram has gone completely flat, zero. This indicates that the engine driving this rally has stalled right as price hits structural resistance.

Riding the trend higher requires the market to digest this overextension first.

The moving average stack does offer a silver lining for the medium-term thesis, with every major MA sitting well below current price between $0.32 and $0.36. This means the structural trend has cleanly rotated bullish.