LDO Price Ready to Explode? This Trendline Flip Could Spark a Bullish Surge to $1.48!

Lido DAO's price is showing signs of a potential breakout as it approaches critical resistance levels. Prominent analyst CryptoBull_360 revealed on X

Cryptocurrency traders are keeping a close eye on Lido DAO (CRYPTO: LDO) as it nears critical resistance levels and shows signs of a potential breakout.

Prominent analyst CryptoBull_360 took to X (NYSE:SQ) (a platform where users can follow their favorite creators and traders) to share his analysis on LDO.

The analyst highlighted a crucial trendline flip, Point of Control (PoC), and other key levels that could ignite a bullish rally toward the $1.48 level.

This development also aligns with broader trends in the Layer 2 ecosystem, where tokens like ETHFI, OP, and ARB are also catching the attention of traders.

LDO Chart Analysis: Consolidation Phase and Key Support Zones

LDO’s price has been in a consolidation phase following a downtrend, as can be observed in the chart.

The price has consistently respected a red diagonal trendline, acting as descending resistance.

Below this lies a robust green support zone between $1.45 and $1.46, which has emerged as a key demand area where buyers have historically stepped in to prevent further declines.

This support zone aligns with previous lows, marking it as a strong accumulation area. Traders are watching this level as the foundation for a potential bullish move.

The support zone also coincides with the yellow-highlighted Point of Control (PoC) in the chart.

This pivot zone represents the level with the highest trading volume.

This level is often used by traders to gauge future price movements, making it a crucial indicator for LDO’s next directional move.

A breakout above the PoC, especially if accompanied by high trading volume, could confirm bullish momentum.

On the other hand, failure to maintain levels above the PoC might result in a retest of the $1.45-$1.46 support range.

Breakout Potential and Resistance Levels

The descending trendline remains a significant resistance zone for LDO.

As mentioned in the tweet, flipping this trendline into support could trigger a sharp rally toward $1.48.

This level corresponds with historical resistance zones, making it a likely take-profit area for traders.

The chart also shows a clear potential trajectory, marked by an upward arrow, indicating optimism for a breakout.

Traders are encouraged to watch volume and momentum closely during this critical phase.

In addition to LDO, CryptoBull_360’s tweet also briefly mentions other Layer 2 tokens, including ETHFI, OP, and ARB.

These tokens are worth keeping an eye on, as they may exhibit similar breakout patterns.

The growing interest in Layer 2 ecosystems highlights the market’s anticipation of high-yield opportunities across this sector.

LDO’s price action serves as a focal point for traders, with the potential to set the stage for broader market movements.