Rally

altFINS

Lido DAO

Show

Captain

<p>This past week saw two influential crypto analysts spotlight an attractive upside setup developing for Lido DAO’s LDO token from both a technical and on-chain perspective.</p> 
<p>Trader <strong>Crypto Trades Made Simple</strong> <a href="https://twitter.com/TradeSimplest/status/1744853543780016381" target="_blank" rel="noreferrer noopener nofollow">inspected </a>the long-term chart, identifying a year-long ascending triangle pattern on the cusp of a major breakout:</p> 
<p>The analyst suggests that Lido DAO (LDO) stands at the precipice of a substantial bullish upswing. LDO is currently breaking out of a year-long ascending triangle pattern, indicating an imminent strong upward movement. By extrapolating the length of the ascending triangle, the analyst predicts a target price of $6.70 for LDO.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="545" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-1024x545.png" alt="" class="wp-image-417501" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-1024x545.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-300x160.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-766x408.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-1536x818.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-2048x1090.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-282x150.png 282w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-100x53.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-657x350.png 657w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249-788x419.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-249.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Captain Faibik <a href="https://twitter.com/CryptoFaibik/status/1744949055254634756" target="_blank" rel="noreferrer noopener nofollow">echoed</a> similar bullish sentiments about the developing setup.</p> 
<p>Delving deeper, analyst group <strong>altFINS</strong> notes LDO remains in a macro-uptrend even amid recent market turbulence, signaling relative strength as a leading ETH staking platform.</p> 
<p>After breaking past the oft-tested $3 resistance zone last summer, LDO just pulled back to retest this area. Flipping it to support would allow resumption towards $3.50 next.&nbsp;&nbsp;LDO maintained its overall uptrend even amid recent turbulent market conditions that devastated many crypto assets.</p> 
<p>This relative strength signifies firm conviction from market participants and likely reflects Lido’s real-world traction as the leading platform for staking Ethereum, representing over 30% of all ETH staked on the Beacon Chain.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-1024x573.png" alt="" class="wp-image-417509" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-250.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>Zooming into the price action, LDO can be seen consolidating in a textbook ascending triangle pattern over the past year, making higher lows against clearly defined horizontal resistance around the $3 mark.</p> 
<p>From current levels, LDO maintains strong potential for bullish continuation back up to retest its 2022 high. But more importantly, clearing $3.50 resistance would confirm the triangle breakout and open the door for much more ambitious upside targets given the length of the base pattern that developed.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p>In summary, both from gauging sentiment extremes to identifying key support and resistance levels, Lido appears constructively positioned for breakout continuation ahead. The $3 zone is pivotal to hold, but managing to do so keeps LDO’s bull case intact, targeting upside extensions towards $6.70.</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/false-alert-sec-refutes-unauthorized-bitcoin-etf-approval-tweet/" target="_blank" rel="noreferrer noopener">False Alert: SEC Refutes Unauthorized Bitcoin ETF Approval Tweet</a></li> 
 <li><a href="https://captainaltcoin.com/cardano-price-action-echoes-its-2018-2020-pattern-analyst-says-ada-could-consolidate-at-current-levels-till-this-date-if-the-trend-continues/" target="_blank" rel="noreferrer noopener">Cardano Price Action Echoes Its 2018-2020 Pattern, Analyst Says ADA Could Consolidate At Current Levels Till This Date If The Trend Continues</a></li> 
 <li><a href="https://captainaltcoin.com/bonks-bonk-price-correction-begins-nuggetrush-nugx-tipped-for-a-55x-rally-after-launch/" target="_blank" rel="noreferrer noopener">Bonk’s (BONK) Price Correction Begins – NuggetRush (NUGX) Tipped for a 55x Rally After Launch</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/ldo-confirms-bullish-run-as-it-breaks-out-of-year-long-ascending-triangle-analyst-shares-next-price-target/">LDO Confirms Bullish Run as It Breaks Out of Year-Long Ascending Triangle; Analyst Shares Next Price Target</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

LDO Confirms Bullish Run as It Breaks Out of Year-Long Ascending Triangle; Analyst Shares Next Price Target

Table of Contents

CaptainAltcoin

Other articles published on Jan 10, 2024

Breaking: SEC officially approves spot Bitcoin ETFs

BlackRock Slashes Bitcoin ETF Fees To 0.25%, Titan Heats Up Competition

Nearly 10 hedge funds are set to launch spot crypto ETFs in Hong Kong, HashKey says

Pullix (PLX) Takes the Lead: Altcoin Faceoff Featuring Waves (WAVES) and Chainlink (LINK)

X Confirms US SEC’s Official Account Was Hacked, No Insider Error Detected

Edward Snowden Slams SEC Chief Gary Gensler for False Bitcoin ETF Announcement: Details

Join our free newsletter for daily crypto updates!