In the past three days, LDO's price has increased by over 30%. According to "World Of Charts", key technical signals support the possibility of further significant growth.
Current LDO Price Growth
In recent days, LDO has demonstrated significant price growth, as reported by "World Of Charts". This notable rise might be a harbinger of larger movements as key market breakouts form.
Technical Signals
The analysis shows the formation of a "rising triangle" structure, which is typical for a sustained upward trend. A successful breakout from an "expanding wedge" is also observed, usually indicating a trend reversal from bearish to bullish.
LDO Forecast
If technical breakouts hold, LDO might reach the $7-$8 range, suggesting a potential price increase of over 200%. This outlook represents a significant investment potential on the market.
While investments always come with risks, the technical analysis of Lido DAO by "World Of Charts" suggests that LDO might be on the verge of a significant price move.
