LDO token of Lido DAO has shown significant growth over the past week, increasing by 68%. This surge is associated with the anticipation of updates from Lido DAO.
Surge in LDO Token Price
Over the past week, LDO token has experienced a remarkable increase of 68%, marking a significant achievement for Lido DAO. The primary reason for the price increase is the anticipated tokenholder update scheduled for Thursday.
New Addresses and Market Expectations
In the past week, there has been a sharp increase in the number of new addresses by 292%, indicating investor interest. This change is associated with expectations that important announcements will be made at the upcoming update, which could support a positive trend for LDO.
Resistance Levels and Possible Pullbacks
The recent surge has pushed the LDO price to $1.53, close to the resistance level at $1.56. Experts suggest that if this level is surpassed, the next target will be $1.82. However, potential selling to realize profits may limit this growth.
The rise of the LDO token reflects investor interest and positive market expectations. However, it's important to monitor resistance levels and potential pullbacks for future investments.
