The analysis of the current situation in the LDO market indicates that despite short-term volatility, new growth opportunities may arise soon.
Current Price and Short-term Volatility
Currently, the price of LDO stands at approximately $1.32, after reaching $1.53 in mid-August. Short-term volatility continues to pressurize the token, with sellers striving to gain control at critical resistance levels.
On-Chain Metrics Reinforce Growth
Beyond price movements, on-chain metrics highlight increasing confidence in Lido Finance among investors and experts. Over the last quarter, the total value locked (TVL) surged to $42 billion, although it has slightly retreated to $37.88 billion. This growth symbolizes rising trust among both users and institutional participants.
Technical Analysis and Key Levels
From a technical standpoint, the LDO price chart indicates that the token recently tested a resistance aligned with the upper border of a multi-month descending wedge. Currently, if buyers can reclaim and sustain the $1.50 level, it could lead to a significant breakout.
In the current market volatility and with positive on-chain metrics, the LDO token remains a focal point, with traders keen on potential growth levels.
