Lido DAO: Long-Term Support—Long-Term Sideways—Long-Term Bullish

Some charts just make technical analysis easy. The same support level that worked in late 2022 worked again in late 2024. The present correction is ending as a higher low in relation to this same long-term support, the black line on the chart.

Since the market bottom, June/July 2022, LDOUSDT has been sideways with a wide range. The last bullish breakout was really small and the present retrace is also small, the market always seeks balance, so a small breakout leads to a small retrace.

There is more.

The consolidation phase is very long, years of sideways action. The market always seeks balance. A long consolidation phase will lead to a very strong bull-market. The bull-market is now, it is happening now, starting this month —March, this year (2025) and it will extend for a long-term.

So we have long-term support, long-term sideways and a long-term bullish market.

Thanks you for reading.

Namaste.