The LDO price today is almost $ 1.32 after a continuation to $ 1.53 by mid-August. While the momentum still shows strength after the light pull-back.
During writing, short -term volatility continues to put pressure on token, whereby sellers try to take hard control of critical resistance levels.
Nevertheless on the wider LDO -Price diagramThe token still maintains a bullish long -term process that is supported by positive foundations.
On-chain statistics reinforce optimism for Lido Finance
In addition to a price promotion, the on-chain statistics emphasize why confidence in Lido Finance is increasing among investors and experts.
As is clearly visible in the TVL of the project, which rose earlier this quarter to $ 42 billion before he withdrew slightly to $ 37.88 billion, which still maintained a higher high structure.
This sharp increase clearly underlines the growing trust among both users and institutional participants.
The data also emphasizes that of the network Gain Statistics, which show a steady growth this quarter and reflect from improving the Fundamentals.
At the time of writing, the turnover of Lido reached $ 148,000, which is a remarkable climb compared to the past quarters. Together these statistics form a strong basis for a sustainable recovery, which stimulates sentiment around the LDO price forecast.
Derivatives data indicate Bullish Sentiment
In addition to developments in chains, the derivatives market data further strengthens this bullish optimism. Because the financing percentages remained positive this quarter, with the last reading at 0.003%, this suggests a bullish bias among leverage traders.
Moreover, open interest rose to $ 158.14 million, an increase of a quarter of the low of almost $ 18 million.
Such a momentum reflects the increasing market activity, often seen prior to stronger directional movements, and can shape the process in the short term LDO/USD.
Technical structure suggests the most important outbreak zone
From a technical point of view, the LDO price diagram shows for the daily brame that the token has recently tested a resistance that is tailored to the upper edge of a wedge falling by several months.
After the rejection, the token has withdrawn in the direction of his 20-day EMA, while it is still being held above the 50-day EMA, which strongly reflects a sign of persistent bullish requirement.
If buyers manage to regain and maintain above the resistance of $ 1.50, a decisive outbreak could follow. Such a movement would probably clear the road for a potential rally to $ 4, a level that is closely monitored by traders looking at the next bullish phase.