Lido DAO Faces Make-or-Break Zone as $1.60 Resistance Defines Next Major Move

Lido DAO remains at a decision point, pressing against a long-term descending channel ceiling that has repeatedly rejected bullish attempts.

A confirmed breakout above $1.60 along with a successful retest would indicate trend reversal and would strongly position $LDO for good continuation to the upside.

Bullish price targets from traders have been mapped out at $2.08, $2.69, $2.99, and $4.00 which would make up the roadmap if bullish breakout momentum is maintained.

The price of Lido DAO (LDO) is at a decisive juncture. After months inside a descending channel, the token is now testing the critical upper boundary that has repeatedly blocked bullish momentum since early 2023.

Structure of the Current Setup

Lido DAO has traded within a persistent downward channel, making consistent lower highs and lower lows. This prolonged pattern has left investors cautious while waiting for a decisive move. At present, the token is pressing against the ceiling of that channel, which continues to serve as a major technical barrier.

Marcus Corvinus noted that $LDO is at “decision time,” with the market now positioned between continuation or reversal. This channel ceiling has consistently rejected upward attempts in the past, creating a situation where the market must either break free or remain constrained.

The current structure provides limited space for indecision. With traders watching closely, the next few sessions are set to define the broader market direction for the asset.

Decision Scenarios for LDO

If the ceiling holds, the downtrend could resume. A rejection at this stage may see LDO retreat toward $1.00–$0.80. Such a move would extend the channel’s dominance and reinforce bearish control.

On the other hand, a confirmed breakout above the $1.60 zone would change the landscape. A successful weekly close and subsequent retest of the channel line as support could mark a clear shift. This would strengthen the case for bullish traders preparing to build long positions.

Market observers are prepared for either outcome. The decision point leaves the token’s path split between renewed pressure or a possible reversal phase.

Potential Roadmap if Breakout Holds

If the breakout confirms, the bullish roadmap has already been mapped out by traders. The first upside target is positioned at $2.08, a level expected to attract initial resistance.

The next objective stands at $2.69, aligning with the mid-range liquidity reclaim. A successful push here could open space toward $2.99, which acts as a major pivot point for further advancement.

If momentum continues to build, the token could extend beyond $4.00. This target represents the upper projection should buyers firmly gain control. With LDO trading at $1.39 as of writing and up 8.10% over the past week, the coming sessions will confirm whether this roadmap takes shape.

The post Lido DAO Faces Make-or-Break Zone as $1.60 Resistance Defines Next Major Move appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

MAJOR-1.87%
MOVE-4.22%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)