LDO price has been trending upwards since mid-July, with the help of a breakout above key moving averages and broader market strength. After reaching a local high near $1.30, the price has pulled back and is now hovering around $1.09, testing key short-term support on the 4-hour chart.
Around $0.85, LDO broke above the 100-period simple moving average (SMA), and signaled the start of the most recent surge in mid-July.
Higher highs and higher lows caused the price to rise above $1.00 and eventually approach the $1.25–$1.30 region after that breakout started a steady ascent. After hitting that local top, sellers stepped in, and the price started to cool off.
What you'll learn 👉
Lido DAO Holding the Trendline
One of the more interesting things on the chart is the ascending trendline that’s been in place since mid-July. It’s acted as a launchpad multiple times during the rally.
The $1.05–$1.09 range appears to be the nearest area to keep an eye on as LDO tests that line once more at this time.
If LDO price holds here and bounces, it could imply that the uptrend is still in play. But if the trendline breaks, LDO might drift lower before finding new buyers.
What Happens If LDO Price Breaks Lower?
There’s still a backup plan. The 100 SMA is sitting just below at around $0.946, and it served as a solid support level earlier this month.
If the trendline doesn’t hold, this moving average zone, roughly between $0.94 and $0.96, could become the next level where buyers step in again.
There’s also some history around $0.85, which marked the previous base before the breakout began. That level could come into play if things cool off further.
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Upside Levels Still in Sight For LDO
If buyers manage to step up and the price turns around from here, LDO price will need to clear resistance between $1.15 and $1.20. The recent high of $1.30 would then be the next significant test. A move toward $1.35 and higher could be possible if there is a breakout above that level.
Right now, everyone is watching to see how LDO responds to this trendline. A bounce could revive the rally, while a breakdown might shift interest to the lower support zones below.
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