Lido DAO Seeks Breakthrough Against Weekly Trendline
Lido DAO is currently trading at $0.3622, up 1.4% over the past 24 hours, with a market cap of $302.95M and a total value locked of $17.764B.
This price movement comes as Lido DAO pushes against a daily channel resistance and sits right at a weekly downtrend line that has turned back three separate rally attempts already.
The bull case for Lido DAO suggests clearing both the daily channel resistance and the weekly trendline, with targets of $0.4711 and $0.5265 on the daily chart, and $0.6784 and $0.9819 on the weekly chart.
However, a fourth rejection at the weekly trendline, paired with a break of the ascending channel on the daily chart, would invalidate this forecast and point toward lower targets of $0.2988, $0.2404, and eventually $0.0868.