Lido DAO’s Local Token Soars in Value with Strategic Market Moves

Key Points

1. LDO's price increased by 68% over the past week, driven by excitement for the upcoming Lido DAO Tokenholder Update.

2. New addresses holding LDO surged by 292%, indicating heightened investor interest.

3. The NUPL metric suggests LDO is nearing a critical threshold, which historically signals potential short-term price declines.

4. LDO's price reached $1.53, just below the resistance level of $1.56; surpassing this could target $1.82 or even $2.00.

5. Experts warn of a possible pullback below $1.34 if profit-taking occurs, despite the current bullish momentum.