Lido DAO (LDO) The Next Potential Target

23 nov 2023

LDO continues to exhibit an upward trend. In the last one and a half months, the asset has appreciated by 80%, setting a new local high at the $2.64 mark.

Identifying a robust resistance level for LDO is surprisingly difficult due to its consistent achievement of new highs. The next potential target for buyers could be around the $2.81 level, with a further psychological milestone at $3.

Given the continued growth of BTC and ETH, a significant drop in the LDO price seems improbable at this stage. Should there be a temporary market correction, the asset's price might retreat to the support zone ranging from $2.03 to $2.21, or possibly to the $1.7-$1.9 range, with a key buyer's level at $1.62.