Lido DAO (LDO) Maintains Crucial Breakout Level While Traders Anticipate Retest
Market Activity: Lido DAO (LDO) is retesting its breakout zone above $1.15, with a 28.77% increase in trading volume indicating heightened market participation as it consolidates around $1.19.
Technical Analysis: The token's price movement shows a shift from resistance to support, with key levels at $1.15-$1.17 being monitored; a breakout above $1.21 could lead to further gains, while failure to hold support may revert it to previous levels.
Valuation Insights: Lido DAO remains a dominant player in DeFi with a total value of $37.26 billion in locked assets, and its Market Cap-to-TVL ratio of 0.02869 suggests it is undervalued relative to its secured assets.
Supply Dynamics: With a circulating supply of 895.93 million out of a total of 1 billion tokens, LDO's structure limits dilution risk and supports a stable trading environment for both retail and institutional investors.
About the author









