Lido DAO (LDO) Eyes Breakout: Key Levels Traders Must Watch Near $0.90–$1.20

Lido

  • LDO consolidates near $0.90, building bullish momentum.
  • Technical targets: $1.60, $2.50, $3.80 on confirmed breakout.
  • RSI and MACD suggest cautious trading amid moderate bearish pressure.

Lido DAO (LDO) has experienced a minor pullback, falling around 3.8% over the past 24 hours. Currently trading at $0.9081, LDO’s market capitalization has slipped to $813.61 million, even as trading volume climbed to $98.67 million—a 2.56% increase. This pattern points to cautious trader sentiment, where investors are weighing short-term volatility against the token’s ongoing weekly gains.

Despite the slight decline, weekly performance remains positive, suggesting that investor interest in LDO persists. Traders appear to be closely watching the $0.90 support zone, which has acted as a consolidation area and may set the stage for a potential breakout.

Momentum Building Toward a Potential Breakout

Technical charts show LDO forming a channel pattern, signaling early bullish momentum. Multiple touches at the midline suggest that price compression is nearing completion, and buyers are gradually regaining control. Breaking above the descending trendline while holding above the accumulation zone indicates weakening seller pressure and the potential for a sustained uptrend.

Crypto analyst @VipRoseTr forecasts targets at $1.60, $2.50, and $3.80, contingent on a confirmed breakout above the MA50. A clean rise above $1.20 on the weekly chart could trigger a steep rally, confirming a buy setup as LDO aims for the top of its current channel.

Cautious Signals From Technical Indicators

While momentum appears to be building, some caution is warranted. The Relative Strength Index (RSI) stands at 44.40, below the neutral 50.50 mark, reflecting moderate bearish pressure. The MACD line has crossed below the signal line, with the histogram turning red, highlighting a reduction in market strength. These indicators suggest that short-term declines could continue unless buying interest strengthens.

Source: TradingView

Eyes on Support and Breakout Levels

Lido DAO is navigating a delicate balance between short-term bearish pressure and emerging bullish momentum. Traders should watch key support levels near $0.90 and breakout points above $1.20 for confirmation of a sustained rally. While volatility remains a factor, structured gains and technical setups hint at upside potential in the near term.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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