Lido DAO

<p>Prominent analyst AMCrypto recently shared on X (formerly Twitter) that <a href="https://captainaltcoin.com/is-lido-dao-ldo-price-ready-to-explode-this-trendline-flip-could-spark-a-bullish-surge-to-1-48/" target="_blank" rel="noopener noreferrer nofollow">Lido DAO’s price</a> experienced a strong breakout from its accumulation phase. He noted that LDO is showing exceptional strength, coinciding with Ethereum’s (ETH) potential move toward $4,000. Analysts believe this could propel LDO’s price above $3, marking a substantial shift in its market trend.</p>
<h2 class="wp-block-heading" id="ldo-chart-analysis">LDO Chart Analysis</h2>
<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> spent several months consolidating within a range-bound accumulation phase between $1.00 and $1.40. Low but steady trading volumes characterized this period, as buyers accumulated the token at discounted levels while sellers gradually lost control. The breakout above $1.40 signaled a renewed bullish trend, with the price trading well above the accumulation zone.</p>
<p>Chart analysis highlights a clear transition from a downtrend to an uptrend. During the downtrend, LDO experienced lower highs and lower lows, reflecting bearish sentiment. However, the breakout initiated a shift in momentum, confirmed by higher lows and a series of strong bullish candles.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="1019" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-1024x1019.png" alt="" class="wp-image-588046" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-1024x1019.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-300x299.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-150x150.png 150w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-767x764.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-1536x1529.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-2048x2039.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-151x150.png 151w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-100x100.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-352x350.png 352w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907-788x784.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-907.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/AMCryptoAlex/status/1861332380281364712" target="_blank" rel="noopener noreferrer nofollow">X/AMCrypto</a></em></strong>
 </figcaption>
</figure>
<h2 class="wp-block-heading" id="current-market-trends-and-support-levels">Current Market Trends and Support Levels</h2>
<p>Following the breakout, LDO established a strong support zone in the $1.00–$1.40 range. Analysts view this area as a key foundation for further upward movement. Immediate resistance levels have been identified at $2.00 and $2.50, with a potential target of $3 if the current bullish momentum persists.</p>
<p>The chart also reveals the importance of breakout volume, which plays a key role in sustaining the ongoing rally. As LDO’s price climbs, maintaining trading activity will be essential to breach upcoming resistance levels.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/bitcoin-whales-accumulate-despite-btc-price-retrace-below-95k/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Whales Accumulate Despite BTC Price Retrace Below $95K</a></em></strong></p>
<h2 class="wp-block-heading" id="ethereum-s-role-in-lido-dao-s-price-movement">Ethereum’s Role in Lido DAO’s Price Movement</h2>
<p>Ethereum’s price trajectory could play a pivotal role in LDO’s future. AMCrypto suggests that if ETH reaches $4,000, LDO could trade above $3. This correlation stems from Lido DAO’s role in Ethereum staking, making <a href="https://coinmarketcap.com/currencies/lido-dao/" target="_blank" rel="noopener noreferrer nofollow">LDO’s price</a> heavily influenced by Ethereum’s performance. The tweet emphasizes LDO’s breakout as a sign of “incredible strength,” aligning with technical indicators that suggest a robust bullish trend.</p>
<p>With its recent price action, Lido DAO has entered a confirmed uptrend. Analysts forecast a short-term target of $2.50–$3.00, driven by strong buyer confidence and Ethereum’s potential rally. For now, the accumulation range serves as a reliable support zone, while upcoming resistance levels may determine the token’s ability to maintain its upward trajectory.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-says-lido-dao-is-finally-waking-up-heres-why-ldo-price-could-hit-3-next/" rel="noopener noreferrer nofollow">Analyst Says Lido DAO is Finally Waking Up—Here’s Why LDO Price Could Hit $3 Next!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Says Lido DAO is Finally Waking Up—Here’s Why LDO Price Could Hit $3 Next!

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