LDO, the token of the Lido DAO protocol, jumped 12.74% in the last 24 hours. But its rapid rise has pushed technical indicators deep into overbought territory, and traders are bracing for a short-term pullback to the $0.37 support level.
What the charts are showing
The token is now trading near its upper Bollinger Band, a volatility indicator that often signals a price is stretched. The Relative Strength Index (RSI) sits above 75, while the Stochastic oscillator is at 97 — both readings that typically come before a price correction. Overbought conditions don't guarantee a reversal, but they increase the odds of one.
Where the price could go next
If the pullback materializes, analysts expect LDO to test the $0.37 support area. A hold there could set the stage for a move higher, with a potential target of $0.44. That would represent a further gain of about 19% from current levels. For now, traders are watching the $0.37 line closely. A break below it could open the door to deeper losses, but the facts don't specify what comes next.
