Lido DAO Sees 12% Surge but Hits Snag at $2.20 Resistance Barrier

Lido DAO (LDO) is experiencing a 12% price surge, trading at $2.08 after weeks of sideways momentum. The altcoin remains stuck under a month-long barrier of $2.20, unable to break out. 

Investor support remains tepid, raising concerns about LDO’s ability to sustain its recent gains and achieve further upward momentum.

Lido DAO Investors Are Bearish

The Global In/Out of the Money (GIOM) metric shows that approximately 200 million LDO tokens worth over $403 million are awaiting profitability. This supply was acquired when LDO traded between $2.07 and $2.30, making a rise above $2.30 critical for these holders. Until this level is surpassed, the majority of this supply remains unprofitable.

Breaking through the $2.20 resistance is essential for LDO to give these investors a chance at profitability. The prolonged consolidation below this barrier has limited bullish sentiment. If LDO fails to gain momentum, investors could grow increasingly cautious, further suppressing the altcoin’s price potential.

Lido DAO’s macro momentum is under scrutiny as the Chaikin Money Flow (CMF) indicator hovers around the zero line. This suggests that inflows and outflows are evenly balanced, with no clear preference for buying pressure. To spark bullish momentum, the CMF needs to flip this line into firm support and continue rising.

Currently, the lack of consistent inflows highlights investor hesitation, which could hinder LDO’s ability to post sustained gains. If inflows don’t materialize, the altcoin’s upward trajectory may falter, keeping prices stuck within the same range.

LDO Price Prediction: Finding Support

LDO’s 12% increase over the last 24 hours has brought its price to $2.08. However, the altcoin is now facing significant resistance at $2.20, a barrier that has held firm for over a month. Despite recent gains, LDO’s ability to rally further remains uncertain.

The persistent resistance at $2.20 has prevented LDO from reaching $2.30, the critical level needed to turn a significant supply of tokens profitable. If this resistance continues to hold, LDO’s price could remain stuck in a consolidation range between $2.20 and $1.56, frustrating bullish investors.

If LDO manages to breach the $2.20 resistance, it could flip this barrier into support and aim for $2.61. Such a move would invalidate the bearish outlook, turning unprofitable tokens into gains and potentially reigniting investor confidence in the altcoin’s long-term potential.