Lido DAO price is trading near a key resistance level that could define its next move. Crypto analyst CW shared on X that the asset has reached a major sell wall. If the price breaks above this zone, the chart suggests that LDO could advance quickly toward $1.16, where the next resistance is located. Traders are closely watching for signs of a breakout, as momentum builds and trading volume increases.
The chart shows LDO confronting a resistance zone between $0.945 and $0.955. This area has previously rejected multiple price attempts, forming a notable supply zone. The price is now testing this level again, backed by higher lows and a steady upward trend.
Should LDO price push above this barrier, the next resistance area is located near $1.16 to $1.20. There appears to be limited selling pressure between the current zone and that target, potentially allowing a smoother price climb if a breakout occurs.
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Lido DA) Price Multiple Support Zones Below
Several demand zones are in place below the current price. Immediate support lies around $0.87, while deeper support levels sit near $0.83, $0.80, and $0.76. These zones reflect prior accumulation and could serve as bounce areas if the LDO price faces a pullback.
These green-marked areas on the chart signal where buyers have previously stepped in, helping to stabilize the market during corrections. The structure of higher lows suggests that traders are defending key levels on dips.
LDO Chart Structure Signals Breakout Potential
The current structure reflects short-term strength, supported by consistent buying and higher volume on upward moves. The LDO price has formed a pattern of ascending price action over the last few sessions. The breakout attempt at the $0.955 level is seen as a potential trigger for the next leg up.
A clean daily close above resistance with volume support would confirm a shift in control. If that happens, the move toward the $1.16 target could unfold more rapidly due to reduced overhead supply.
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Moreover, the sentiment around LDO continues to grow as the market watches its interaction with the sell wall. CW’s tweet pointed to this resistance level as a key moment. The response at this zone will likely guide short-term expectations as buyers attempt to break above the ceiling.
For now, traders remain alert as LDO price tests this zone. If momentum holds and resistance fails, a push toward higher levels may follow.
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