Emre Yumlu 
In recent days, Lido DAO (LDO) has shown an impressive performance in the crypto market. After breaking through previously identified resistance levels, the LDO price surged by 55%, reaching $1.55. However, at this point, some profit-taking and minor pullbacks have been observed.
LDO Technical Outlook and Possible Scenarios
If LDO manages to close above the $1.55 level on the daily chart, the next target could be around $1.72. In that case, the short-term uptrend could extend further. On the downside, the strongest support zone appears to be at $1.22. Additionally, if the price revisits the $1.41 – $1.36 range and gains bullish confirmation from there, it could create opportunities for upward trades. Still, this area should be monitored closely.
Factors Driving the Rally
On Thursday, August 14, the Lido team will hold an important session to share their roadmap and long-term plans. This event is expected to draw more investor interest and potentially support LDO’s price. Alongside this, the strengthening Ethereum staking trend, the rise in Ethereum price, increased positions from large investors (whales) in certain DeFi blue-chip assets, and key technical breakouts have all contributed to LDO’s rally.
Overall, the combination of both technical and fundamental drivers has played a major role in LDO’s strong performance over the past few weeks.
This content does not constitute investment advice. Markets carry high risk, and you should always conduct your own research before making investment decisions.
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