Lido’s Rebound Potential Strong, $2.40 Level in Sight
Signs of a rebound have emerged for Lido DAO (LDO) as it touched the lower boundary of its trading range, hinting at a possible uptrend.
Recent price action saw LDO approaching $1.60, triggering a buy signal on the 12-hour chart according to the TD Sequential indicator.
Historically, LDO has found support around $1.52, leading to price recoveries in the past.
Despite multiple attempts, the resistance level at $2.10 has held, with the $1.80 — $1.90 range demonstrating a consolidation phase within the channel.
A breakthrough above $1.70 could propel Lido towards the upper boundary at $2.40, paving the way for new highs.
On the flip side, failure to maintain current support may push LDO towards lower levels around $1.3400.
The trajectory of LDO moving forward relies on sustaining support levels, alongside changes in market sentiment and trading volume.
A successful rebound would confirm a bullish trend, while a breach below support could indicate a prolonged downtrend, challenging the current market dynamics.
Examining Transaction Volume
An uptick in transaction count for LDO was observed, peaking at 2.83k transactions in early February 2025, coinciding with a price rise to $1.87.
This surge in transaction activity signals increasing interest or trading volume, which could positively influence LDO’s price action.
Throughout late December and early January, transaction volumes consistently exceeded the 1.61k average, aligning with Lido’s price stabilization and marginal growth during these periods of heightened activity.
Continued growth in transaction volumes could drive further appreciation in LDO’s price, potentially breaching higher resistance levels.
Alternatively, a decline in transactions may indicate diminishing interest, prompting a corrective move in prices.
Analysis of LDO’s Global Address Profitability
Data reveals that 37.47% of active LDO addresses are currently holding positions in profit, while 52.40% remain “Out Of the Money,” suggesting potential losses for a significant proportion of holders if they were to sell at current prices.
About 10.13% of LDO holders are “At the Money,” indicating a break-even scenario for these addresses and reflecting a cautious sentiment among the market participants.
The substantial portion of holders out of profit could trigger selling pressure if prices surge, limiting further upward movement.
Conversely, addresses in profit territory could provide support at lower price levels as holders aim to avoid losses.