bullish

Lido DAO

<p><a href="https://captainaltcoin.com/why-is-lido-dao-pumping-expert-outlines-ldo-price-path-to-3/" target="_blank" rel="noopener noreferrer nofollow">Lido DAO’s price</a> is showing signs of a potential breakout as it approaches critical resistance levels. Prominent analyst CryptoBull_360 revealed on X (formerly Twitter) that a strong trendline flip, combined with the Point of Control (PoC), could ignite a bullish rally toward the $1.48 level. This development aligns with broader trends in the Layer 2 ecosystem, with tokens like ETHFI, OP, and ARB also catching traders’ attention.</p>
<h2 class="wp-block-heading" id="lido-dao-chart-analysis-consolidation-phase-and-key-support-zones">Lido Dao Chart Analysis: Consolidation Phase and Key Support Zones</h2>
<p>The chart indicates that LDO’s price has been in a consolidation phase following a downtrend. The price has consistently respected a red diagonal trendline, acting as a descending resistance. Below this, a robust green support zone between $1.45 and $1.46 has emerged, serving as a key demand area where buyers have historically stepped in to prevent further declines.</p>
<p>The support zone aligns with previous lows, marking it as a strong accumulation area. Traders are monitoring this level as the foundation for a potential bullish move.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="535" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-1024x535.png" alt="" class="wp-image-585797" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-1024x535.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-300x157.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-766x400.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-1536x802.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-2048x1069.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-287x150.png 287w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-670x350.png 670w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730-788x411.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-730.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://coinmarketcap.com/currencies/lido-dao/" target="_blank" rel="noopener noreferrer nofollow">X/CryptoBull_360</a></em></strong>
 </figcaption>
</figure>
<p>The yellow-highlighted Point of Control (PoC) in the chart represents the level with the highest trading volume. This pivot zone often dictates future price movements. Currently, LDO is trading near the PoC, making this level a crucial indicator for its next directional move.</p>
<p>A breakout above the PoC, especially if accompanied by high trading volume, could confirm bullish momentum. Conversely, failure to maintain levels above the PoC might result in a retest of the $1.45-$1.46 support range.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/hederas-hbar-price-targets-0-40-as-analyst-predicts-massive-bull-market-surge/" target="_blank" rel="noopener noreferrer nofollow">Hedera’s HBAR Price Targets $0.40 as Analyst Predicts Massive Bull Market Surge</a></em></strong></p>
<h2 class="wp-block-heading" id="breakout-potential-and-resistance-levels">Breakout Potential and Resistance Levels</h2>
<p>The descending trendline remains a significant resistance zone for LDO. The tweet emphasizes that flipping this trendline into support could trigger a sharp rally toward $1.48. This level corresponds with historical resistance zones, making it a likely take-profit area for traders.</p>
<p>The chart also shows a clear potential trajectory, marked by an upward arrow, indicating optimism for a breakout. Traders are encouraged to watch volume and momentum closely during this critical phase.</p>
<p>CryptoBull_360’s tweet also references other Layer 2 tokens, including ETHFI, OP, and ARB. These tokens are worth monitoring, as they may exhibit similar breakout patterns. The growing interest in Layer 2 ecosystems highlights the market’s anticipation of high-yield opportunities across this sector.</p>
<p><a href="https://coinmarketcap.com/currencies/lido-dao/" target="_blank" rel="noopener noreferrer nofollow">LDO’s price</a> action serves as a focal point for traders, with the potential to set the stage for broader market movements.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/this-kaspa-kas-price-level-could-trigger-a-39-rally/" target="_blank" rel="noopener noreferrer nofollow">This Kaspa (KAS) Price Level Could Trigger a 39% Rally</a></em></strong></p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/is-lido-dao-ldo-price-ready-to-explode-this-trendline-flip-could-spark-a-bullish-surge-to-1-48/" rel="noopener noreferrer nofollow">Is Lido DAO (LDO) Price Ready to Explode? This Trendline Flip Could Spark a Bullish Surge to $1.48!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Lido DAO (LDO) Price Ready to Explode? This Trendline Flip Could Spark a Bullish Surge to $1.48!

Table of Contents

CaptainAltcoin

Other articles published on Nov 21, 2024

VanEck Expands Crypto Product Portfolio with New SUI ETN for European Investors

US SEC Postpones Decision on Franklin Templeton’s BTC and ETH Index ETF

Political Betting Contracts, Cross-Chain Communication Advances, and Crypto Payments in Detroit

Bitwise Registers Trust For Solana ETF, Eyes SEC Approval: Report

Microsoft Xbox Cloud Gaming enables streaming five years later

Shiba Inu Up For 50% Gain As It Hovers Near Key Resistance Zone

Join our free newsletter for daily crypto updates!