Bullish Pattern Confirmed on Lido DAO (LDO) Price – Can Bulls Defend the $1.00 Zone?

Lido DAO just made a big move. After weeks of trying to push through resistance near the $1.00 mark, the token finally broke out, and did it with strength. 

On the 12-hour chart, LDO price is trading at around $1.045, up over 12% in the last candle alone. 

The breakout was clean, with a strong bullish candle and barely any upper wick, and it signaled that buyers are clearly in control.

Analysts on X(Formerly Twitter) have taken notice. WorldOfCharts  shared that LDO price has already delivered more than 15% in gains and hinted that a 50% move could still be coming. 

Meanwhile, Seth Fin pointed to a fresh buy signal on the daily chart and said LDO $900M market cap still looks cheap given the scale of its DeFi ecosystem.

LDO Chart Setup Points to a Bullish Trend Shift

LDO price had been stuck under a downward-sloping trendline since April. That trendline held through May and June, and it rejects every attempt at a breakout. 

But this week, LDO finally pushed above it with conviction. The price is now forming higher highs and higher lows, classic signs of a trend reversal.

Source: X/WorldOfCharts

The breakout has also pushed LDO price above both the 50-day and 200-day moving averages, which traders often see as a green light for more upside. 

A measured move target points to $1.17, with $1.20–$1.25 as the next key zone to watch if momentum continues.

LDO Support and Resistance Zones Define the Short-Term Path

Right now, support is holding around $1.00–$1.02, a zone that flipped from resistance to support after the breakout. 

If LDO price drops below that, the next area to watch is $0.90, followed by $0.80, where LDO found strong demand earlier this summer. On the upside, $1.15–$1.30 is the next challenge. 

This zone has acted as resistance in the past and could be a spot where some traders take profits. If LDO manages to push through that, the $1.70–$2.60 region could come into play next.

Social Sentiment Builds Behind Technical Breakout

Analysts are in support of this breakout. WorldOfCharts called the $1.00 breakout a “crucial” move and expects a bigger run if the momentum sticks. 

Read Also: 5 Reasons Why Bitcoin (BTC) Price Could Reach $250,000 This Year

Seth Fin pointed out a system buy signal and mentioned that LDO fundamentals could support a much higher valuation.

With strong technicals, a shift in market structure, and growing attention from traders, LDO price is starting to look like a project with room to run. If the trend holds and volume stays strong, $1.30 might just be the next stop.

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Funbi Afe
Funbi Afe

Funbi Afe is content strategist with a strong background in technical writing, cryptocurrency, journalism, and copy editing. Passionate about simplifying complex topics, Funbi crafts clear, engaging content that informs and inspires diverse audiences. With expertise spanning blockchain technology, SEO strategy, and market analysis, Funbi is dedicated to helping brands and communities deliver impactful, polished messaging in the fast-evolving digital space.

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