Lido DAO might finally be gearing up for a comeback after months of sliding lower; at least, that’s what the charts are starting to hint at. According to crypto expert Ali, who shared his thoughts on X, the weekly chart for LDO price just flashed a rare TD Sequential “9” buy signal. That’s a signal traders often look out for when a trend could be running out of steam.
Right now, LDO is hovering around the $0.70 mark after a long fall from above $2.80. The price has been stuck in a downtrend for a while, and while there have been a few bounce attempts along the way, none of them have stuck. But this new signal, paired with some strong support holding around $0.65, is giving traders something to talk about.
For anyone not familiar, the TD Sequential is a technical tool used to spot potential turning points in the market. It works in two parts: a setup phase and a countdown. In this case, the green “9” that just appeared could be signaling that the selling pressure is finally fading.
Ali’s tweet mentioned that Lido DAO price looks like it’s “poised for a rebound,” which has caught the attention of many in the trading community. He also reminded followers that a previous “13” signal didn’t lead to a breakout, so while this setup is promising, it’s still a wait-and-see moment until buyers show real strength.
What you'll learn 👉
LDO Price Support and Resistance Levels in Focus
The Lido DAO chart shows a key support zone between $0.64 and $0.68. This area has held firm over the past few weekly candles, as indicated by long lower wicks showing buying pressure. Resistance sits just above current price levels, around $0.76 to $0.80. A sustained move above this range could signal the start of a broader recovery.
Traders are also watching the candle structure, which has shifted from large bearish moves to smaller-bodied candles. This compression often precedes breakout movements, depending on whether momentum shifts to buyers or sellers.
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LDO Current Market Context and What Comes Next
Although the trend remains bearish, the current setup is drawing technical interest due to the timing of the TD Sequential signal. If Lido DAO price breaks above the near-term resistance band, analysts may begin targeting the $0.90 to $1.00 range. However, a drop below $0.64 would invalidate the setup and suggest further downside.
The coming days will be critical for LDO as traders assess whether the latest buy signal translates into sustained price action. All eyes remain on the weekly close and potential volume confirmation to determine the next direction.
Read Also: This Trader Makes a Shocking Stellar (XLM) Price Prediction – Here’s What the Chart Says
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