Lido DAO's LDO token could hit $0.45 within the next two weeks, according to technical analysis that points to a bullish setup and a surge in whale buying. Chart patterns and momentum indicators suggest a 70% probability of reaching that resistance level, traders are watching closely.
Whale Accumulation Picks Up
Large holders have been steadily increasing their LDO positions over the past several days. Data from on-chain trackers shows that addresses holding between 100,000 and 1 million LDO tokens have added significantly to their balances. This kind of accumulation often precedes price moves, as big players position themselves before a breakout.
Technical Setup Shows Momentum
The token's price is currently trading above key moving averages, a sign that short-term momentum is in favor of buyers. The relative strength index (RSI) is in bullish territory but not yet overbought, leaving room for further upside. Technical analysts point to a series of higher lows on the daily chart, forming a pattern that typically precedes a continuation of the uptrend.
The $0.45 Resistance Level
The $0.45 mark is seen as a critical resistance level, one that has acted as a ceiling in previous trading sessions. The latest projection gives this target a 70% probability of being hit within the 14-day window. Should LDO break through that level, the next major resistance lies higher, but traders are focused on the immediate target first.
All eyes are on whether the token can hold support above the moving averages while the accumulation continues. The 14-day countdown has begun, and each daily close will be scrutinized for signs of strength or weakness. If the pattern holds, $0.45 could be reached before the end of the period.
