Strong Weekly Performance
Over the past seven days, Lido Dao (LDO) has been one of the best performers among the top 100 cryptocurrencies. The token surged 60% week-on-week, climbing to $1.48 at the time of writing.
The rally follows a pivotal decision by the U.S. Securities and Exchange Commission (SEC), which has ruled that liquid staking no longer qualifies as a securities transaction.
Price analysis based on the LDO/USDT pair on Binance
Ethereum’s own price surge has also boosted sentiment. At the start of the week, ETH hit $4,368 — its highest level since December 2021 — supported by record inflows of $1.02 billion into Ethereum spot ETFs, underscoring strong institutional demand for the largest smart contract ecosystem.
These bullish drivers helped LDO break above last month’s high of $1.28, pushing as far as $1.62 at the peak.
Key Technical Levels and Targets
With this move, Lido has entered the next major target zone — the “drop-off” level from February 2025. To unlock further upside, bulls will need to decisively clear resistance between $1.49 and $1.60.
A sustained breakout above that range would open the door to the next key target at $1.88. Continued bullish momentum could then propel LDO toward early-year highs, with the $2.35–$2.43 zone acting as a critical checkpoint en route to last year’s peaks.
If momentum fades and LDO slips back below $1.40, a retest of support between $1.28 and $1.22 would be likely. Bulls are expected to defend this level aggressively.
Should that defense fail, seasonal weakness in August and September could push the price toward the $1.00 area — a support level that has repeatedly proven important in recent months.
A break below $1.00 would put the monthly low at $0.86 in play, with the zone around that interim bottom serving as the maximum bearish target for now.