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The Lido DAO price has soared 59% in the last week and 14% in the past 24 hours to trade at $1.49 as of 12:30 a.m. EST, as trading volume surged 40% to $471 million.
The protocol’s Total Value Locked (TVL) also surged, reaching $38 billion, accompanied by bullish flows. With the price and TVL soaring, can the price of LDO rally towards $2?
Lido DAO Price Breaks Out: Bulls Eye 48% Upside
The LDO price has recently broken out from a key support zone near $0.67, where it had formed a rounded bottom pattern.
This bullish reversal formation has propelled the Lido DAO price above the 50 Simple Moving Average (SMA) on the 3-day chart and toward the 200 SMA at $1.68, according to GeckoTerminal data. The breakout from the consolidation range signals renewed buying momentum.
Meanwhile, the Relative Strength Index (RSI) currently sits at 70.06, which could lead to short-term pullbacks but also confirms strong bullish momentum.
The Moving Average Convergence Divergence (MACD) has made a bullish crossover, with both the blue MACD line and orange signal line trending higher and histogram bars in positive territory, supporting continued upside momentum.
If the price of Lido DAO sustains its position above the 200 SMA, the next likely target lies in the $2.20–$2.50 range, representing a potential 48% gain from current levels.
However, given the overbought RSI, traders should watch for possible short-term consolidations before the next leg higher. In this scenario, the price of LDO could find support around the neckline and breakout zone at $1.11.
In the meantime, investors are rotating funds into Best Wallet (BEST), which popular YouTube channel 99Bitcoins, with over 723K subscribers, says is one of the cryptos that could potentially soar 10X after launch.
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Best Wallet is quickly building a reputation as the leading crypto wallet, with features that align perfectly with today’s market demands.
Its transactional capabilities are powered by smart integrations with over 330 decentralized protocols and more than 30 cross-chain bridges, giving users access to deep liquidity and competitive pricing across multiple networks.
Still in its early stages of its token presale, the project has already raised over $14.6 million and is quickly hurtling towards $15 million.
It combines a built-in DEX, staking platform, and token launchpad, enabling users to manage, trade, and grow their crypto seamlessly.
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Meanwhile, the “Upcoming Tokens” feature is a standout. Designed to surface projects the team has identified as high-potential before exchange listings, it has consistently highlighted winners ahead of the market.
Its calls include Wall Street Pepe (WEPE), up 205% in the past 3 months, and Pepe Unchained (PEPU), which has climbed 10% in just the past week.
The native token, BEST, powers this ecosystem. Furthermore, holding the token unlocks perks such as reduced trading fees, access to exclusive presales, and staking rewards with an impressive 92% annual return.
The BEST token is currently priced at $0.025465. With the next price hike looming in less than 10 hours, buy soon to secure the best deal.
Check out BEST on its official website.
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