- LDO jumped 10.06% in the last 24 hours.
- Lido Dao broke the bull pennant as buyers dominated the market.
Over the past week, Lido DAO (LDO) has seen sustained gains on its price charts, rising by 27%.
In fact, at the time of writing, Lido DAO was trading at $2.14. This represents an increase of 10.06% on the daily charts. Likewise, the altcoin made significant gains on the monthly charts, rising 12.68%.
Despite the recent price rally, LDO remained approximately 88.45% below its ATH of $18.62. Notably, current market conditions have left the community contemplating a sustainable recovery.
To the extent that analyst Kartha suggested a potential 80% bounce, citing a bullish breakout.
Market Sentiment
In his analysis, Kartha observed that LDO broke the bullish pennant on the daily time frame.
When prices break out of this trend, especially upwards, it signals the continuation of an uptrend. A breakout here is usually accompanied by high volume, signaling strong buying activity.
Source:
According to him, a successful retest could lead to a bullish wave of 60-80% in the medium term. If this becomes the case, LDO will see growth between $3.39 and $3.82.
What the LDO Charts Suggest
According to AMBCrypto analysis, Lido DAO was experiencing strong upward momentum at press time with buyers dominating the market.
Source: TradingView
This reinforced bullish trend resulted in a sustained increase in the +DI of the DMI, while the ADX decreased.
Since making a bullish crossover two weeks ago, +DI has surged to 27.36. This suggests that momentum was strong, while the downtrend lost momentum.
Source: Santiment
Looking further, LDO’s adoption rate and active users have continued to increase relative to its market capitalization. This was demonstrated by a positive DAA price divergence, which signaled an increase in the number of active addresses.
Thus, new addresses were entering the market, as they perceived the altcoin as undervalued.
Source: Santiment
The market phenomenon was further confirmed by a decline in circulatory NVT, which emphasized network and utility growth, while market capitalization and market value did not increase.
This signaled undervaluation, and LDO could reverse higher to catch up with grid demand.
Source: Coinalyse
Finally, Lido DAO investors had become increasingly optimistic, as evidenced by the Long/Short ratio. Thus, on daily time frames, long positions represented 59.94% while short positions represented 40.06% of positions.
With a ratio of 1.50, this suggests that the majority of investors were optimistic and expected prices to rise.
Read Lido DAO (LDO) Price Forecast 2025-2026
Simply put, LDO signals a sustained potential uptrend. With bullish market participants, the altcoin could make more gains.
Therefore, if these conditions hold, LDO could reclaim $2.5 and find the next significant resistance at $2.8. However, a correction will drop it to $1.92.
