$LDO Macro trend still heavy, and sellers remain in control

LDO continues to trade under a clear macro downtrend, and recent price action confirms that strength is still lacking. Every attempt to bounce has been met with firm rejection, showing that sellers are defending key levels aggressively.

Market structure
Price recently attempted a recovery but was rejected from the mid-range resistance zone at 0.63–0.69. This rejection reinforces the broader bearish structure and signals that upside momentum is still weak.

Key support in focus
The next important level sits at 0.50–0.52. This zone is acting as short-term support, but it’s under pressure.
A clean loss of this area would likely extend the downtrend and open the door for further downside continuation.

Bias and invalidation
The bias remains bearish as long as:
• The downtrend line stays intact
• Price fails to reclaim 0.63–0.69 as support

A shift in bias only comes if LDO breaks the downtrend structure and decisively reclaims the resistance zone.

This is still a sell-the-rallies environment. Until structure changes, rallies are corrective, not impulsive.

I’m staying patient here — the chart will confirm when it’s time to flip.