Lido DAO [LDO] has emerged as a strong performer in the crypto market over the past week, climbing by an impressive 27%. As of this writing, the altcoin is trading at $2.14, reflecting a 10.06% increase in daily charts. Monthly gains also stand at 12.68%, sparking renewed optimism among its community.
However, despite this upward momentum, LDO remains 88.45% below its all-time high of $18.62. Analysts, like Kartha, remain optimistic, suggesting a potential 80% rally fueled by a bullish breakout on the daily timeframe.
$LDO
— Crypto Charts (@Cryptokartha) January 26, 2025
Broken Bullish Pennant in D1 TF
Successful retest can lead 60-80% bullish wave in midterm📈#LDO pic.twitter.com/4xGFvdEk2x
Bullish Patterns and Market Sentiment
Kartha’s analysis highlights LDO’s breakout from a bullish pennant pattern, often signaling a continuation of an upward trend. If this breakout is validated with a successful retest, prices could surge between $3.39 and $3.82 in the midterm, translating to a 60–80% rally.
Market sentiment remains firmly bullish. Data reveals that buyers dominate the market, as evidenced by the +DI of the Directional Movement Index (DMI), which surged to 27.36 after a bullish crossover two weeks ago. This suggests a strengthening uptrend, while the ADX indicates the fading momentum of past downtrends.
Adoption and Network Growth
Lido DAO’s growing adoption adds to the optimism. A positive Price-DAA divergence reflects an increase in active addresses, signaling heightened investor interest and perception of LDO as undervalued. Additionally, declining circulative NVT indicates expanding network utility without a corresponding surge in market value, underscoring potential for upside correction.
Investors Turn Bullish
Investor sentiment further supports LDO’s rally, with longs accounting for 59.94% of positions, compared to 40.06% in shorts. This Long/Short Ratio of 1.50 suggests most investors anticipate further price hikes.
If the bullish momentum persists, LDO could target $2.5, with the next major resistance at $2.8. However, a market correction could see prices drop to $1.92.
Also Read: Lido DAO (LDO) Tests $2.10 Resistance: Will It Drop 28% or Rally 65% to $3.50?
As market sentiment remains favorable, Lido DAO may continue its upward trajectory, offering hope for a sustained recovery in the coming weeks.
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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