[ad_1]
Lido DAO (LDO) is recording a 12% price increase, trading at $2.08 after weeks of sideways fluctuations. This altcoin has remained stuck below the $2.20 barrier for more than a month, unable to break out.
Investor support remains lackluster, raising concerns about LDO’s ability to maintain its upward momentum and achieve a breakthrough.
Lido DAO Investors Are Seeing a Downtrend
According to the Global In/Out of the Money (GIOM) index, approximately 200 million LDO Tokens worth more than 403 million USD are waiting to become profitable. This supply was purchased when the LDO price was between $2.07 and $2.30, so breaking above the $2.30 level is crucial for these investors to profit. Until this level is surpassed, much of this supply will remain unprofitable.
Breaking through the $2.20 resistance is necessary for LDO to provide profitable opportunities for investors. Prolonged consolidation under this barrier has dampened the sense of optimism. If LDO fails to gain momentum, investors may become increasingly cautious, further suppressing the altcoin’s price potential.
Lido DAO’s overall momentum is under close scrutiny as the Chaikin Money Flow (CMF) indicator hovers around zero. This shows that inflows and outflows are balanced, with no clear preference for pressure buy. To stimulate upward momentum, CMF needs to break above this line and continue rising.
For now, the lack of steady cash flow reflects investor hesitancy, which could hinder LDO’s ability to maintain momentum. If cash flow is not present, the altcoin’s uptrend could weaken, keeping the price within the same range.
LDO Price Prediction: Looking for Support
LDO has increased another 12% in the past 24 hours, taking the price to $2.08. However, the altcoin is facing resistance at $2.20, holding steady for over a month. Although there are positive signs, the possibility of LDO continuing to increase is still vague.
Extended resistance at $2.20 prevented LDO from reaching $2.30, the critical level to turn the large supply of tokens profitable. If this resistance holds, LDO price could continue to be trapped in a consolidation range between $2.20 and $1.56, disappointing bullish investors.
If LDO can overcome the $2.20 resistance, it could turn support and head towards $2.61. Such a move would invalidate the downtrend, turn unprofitable tokens into profits, and potentially restore investor confidence in the altcoin’s long-term potential.
[ad_2]
