Lido DAO (LDO) started August at around $0.95 and quickly showed significant growth. This article examines current trends and predictions.
Price trends of LDO in August
LDO prices rose over 40% in just a week, reaching $1.372. A key moment was the breakthrough above the $1.20 level, which had been holding back growth in July. Currently, attention should be on the price range between $1.22 and $1.23, which serves as a breakout zone. If this level holds, bulls will maintain their positions.
Trading volume and open positions
Trading volume has surged significantly since August 7, confirming that the breakout above $1.20 was backed by strong market participation. Open interest in LDO has also increased and currently sits around 45.99 million, signaling trader interest.
Price prediction for LDO in August
If LDO holds above $1.22 and pushes past $1.37 with strong momentum, a move toward $1.45–1.50 is likely. On the downside, if the price falls below $1.22, it could lead to a drop toward $1.10.
LDO prices show a positive trend with the potential for further growth. Traders should closely monitor key support and resistance levels.
