Lido DAO (LDO) recently surpassed the $1.00 level, attracting increased interest among analysts and investors. This article examines current trends and forecasts for LDO.
Current Trends of LDO
After prolonged attempts to stay above the $1.00 mark, LDO finally broke through with a rise of over 12% in the last trading candle. According to analysis, LDO's price is around $1.045, with signs of buyers clearly in control.
Support and Resistance Levels
Currently, the support level is holding around $1.00–$1.02, which flipped from resistance to support after the breakout. Analysts note that if LDO's price drops below this, the next area to watch will be $0.90. On the upside, $1.15–$1.30 are the key challenges.
General Analyst Sentiment
Analysts are supportive of the bullish outlook following the $1.00 breakout, suggesting it could signify a more significant movement ahead. One analyst, WorldOfCharts, expressed that LDO's current fundamentals could support a significant increase in value.
Lido DAO is demonstrating positive momentum and could expect further growth in a bullish market. Analyst attention and the growing number of signals indicate a favorable outlook in the short term.
