- LDO price stalled near $1.61 Fibonacci resistance after a sharp 83% monthly rally, signaling possible short-term cooling.
- a breakdown below $1.45 could open the way to $1.32 and $1.20 levels.
- Oversold Stochastic RSI suggests a potential rebound if $1.45 support holds.
Lido DAO’s (LDO) sharp August rally has paused near $1.61 resistance, with technicals signaling possible cooling while $1.45 emerges as the make-or-break support.
August Rally Meets Resistance
Lido DAO has been one of August’s standout performers, LDO is up 83.7% in the last month.This rally was fueled by Ethereum’s staking deposits at all-time highs, a growing validator count.The bullish breakout began on August 7, when LDO crossed the $1.00 barrier.Prices peaked at $1.6105 on August 11, coinciding with a 1.0 Fibonacci extension.
Ali Charts on X noted a TD Sequential “9” sell setup forming at the peak, often a signal of potential trend exhaustion. A sharp Doji candle appeared on August 12 at $1.49, reflecting market indecision after the steep run.
$1.45 is the Line to Watch
The 0.786 Fibonacci retracement at $1.4481 now serves as immediate support. If it breaks, chart structure points to the $1.32 and $1.20 levels as the next downside targets.
The 4-hour LDO/USDT chart on Binance shows Bollinger Bands widening since August 8, indicating elevated volatility. Price remains near the upper band ($1.657), suggesting recent buying strength. However, Stochastic RSI readings place the token in oversold territory, a zone where prior dips have seen sharp reversals.
Volume Trends and Market Context
Data from Satoshi Club on X puts LDO’s 24h trading volume-to-market cap ratio at 0.33x, signaling active participation. Multi-month charts show LDO completing a full cycle from prolonged sub-$1 consolidation, to January’s $2+ peak, through months of decline, and now a fresh bullish breakout.
A correlation chart shows a macro indicator surging above $5 while LDO lagged. The synchronized August breakout suggests a shift in sentiment and a possible catch-up move.
Holding $1.45 could see LDO retest $1.61 and, if broken, extend toward the 1.272 Fibonacci extension at $1.8169. A failure here could trigger deeper retracement as traders lock in August’s gains.
