$LDO remains locked inside a clear descending channel on the weekly timeframe, keeping the broader trend bearish for now.

Price is currently reacting near the lower channel boundary around the 0.40–0.45 demand zone, where short-term relief bounces are possible. This area has historically attracted buyers, but so far, reactions remain corrective rather than trend-shifting.

Repeated rejections from the upper channel continue to confirm that sellers are firmly in control of the larger structure. Until that behavior changes, upside moves should be treated as counter-trend.

For sentiment to flip, price would need a sustained reclaim above the channel midline. Without that, downside risk remains active, with the potential for continuation toward deeper support levels.

This is still a bear-market structure, not a confirmed bottom.