LDO Targets $0.41 as Whales Bet Big on Price Breakout
LDO, the liquid staking derivative play, is positioned to break above $0.38 immediate resistance on a volume expansion move, according to Terrill Dicki.
The token has been grinding higher, posting a 2.49% gain in the last 24 hours and reclaiming the $0.37 pivot, a clean hold above which matters in a market where most DeFi mid-caps are dead money.
Sustained ETH rally or renewed institutional interest in staking yields could act as jet fuel for this token, with regulatory clarity around staking in the U.S. being a slow-burning catalyst worth monitoring closely.
Whales and institutional desks have already positioned themselves long on LDO, with 65.1% of top traders running a net long bias, indicating a directional bet on the token's price increase to $0.41.