LDO Technical Analysis
Lido DAO, which manages the majority of staked assets on Ethereum, is once again in the spotlight as overall interest in liquid staking increases. With growing demand for institutional staking solutions, it is important to evaluate LDO from a technical standpoint.
Looking at the daily chart, two key formations are clearly visible: one is a downtrend that began in February, and the other is a double-bottom structure. The price has tested the downtrend line three times so far; therefore, an upward breakout becomes increasingly likely if a fourth test occurs at the upper boundary. This breakout scenario is further supported by the double-bottom pattern mentioned earlier.
The chart shows that the $0.764–$0.785 zone is a strong resistance area, and the price recently pulled back after testing this region. Should a breakout above this resistance occur, the price could climb to $0.85, which also aligns with the trendline test. On the downside, if pullbacks continue, the price could retreat toward the $0.70 level.
These analyses are not intended as investment advice. They highlight support and resistance levels that may present trading opportunities in the short and medium term, based on prevailing market conditions. Users are fully responsible for their own actions and risk management. Moreover, it is strongly recommended to use a stop-loss (SL) strategy when executing trades.
