LDO Testing Key Resistance Zone—Will Volume Surge Trigger a Rally?

LDO has broken out of a falling wedge pattern aiming for a price target near $2 based on technical projections.

Price reclaimed $1.25 resistance, flipping it into support while trading volume and market cap surged .

Rising open interest and trading volume reflect growing confidence in LDO.

Lido DAO is gaining attention after breaking key resistance, backed by solid volume. Despite a slight dip today, it’s up over 10% this week, with bulls eyeing a push toward the $2 mark.

Price Clears Key Resistance

LDO surged past the $1.22–$1.25 resistance zone after weeks of consolidation within a falling wedge, and turned it into a support area. This breakout was backed by increased trading volume,which validated the move and suggested further upside.

The wedge pattern, typically bullish in nature, sets a technical price target of around $2.04 — a projected 62.54% move from the breakout point. The move aligns with classical charting strategies where the height of the wedge is measured and extended upwards.

According to data from CryptoBull_360, the price action between October 1 and 7 showed a clear shift. LDO surged from $1.11 to $1.31 in early October before pulling back to $1.16. But buyers later on stepped in, pushing it back above $1.25 with high volume, showing strong renewed interest.

Market Cap and Volume Surge

LDO’s market capitalization tracked closely with price action during the same period, rising from around $970 million to over $1.17 billion by October 4. A brief retracement followed, but the cap recovered to $1.12 billion on October 7 — indicating steady investor confidence.

Volume metrics mirror this sentiment. Spot trading volume stood at $43.10 million, with over $332.79 million in futures trading. Open interest reached $222.37 million, rising in tandem with broader market OI, now at $236.9 billion (+2.59%). The increase in liquidations (+42.66%) also signals growing volatility, often seen during key breakout moments.

Sentiments Shifts as Bulls Take Control

Despite a slightly bearish long/short ratio, market behavior still seems to lean on the bullish side. The recent rebound, which sparked a strong price and volume action, indicates that bulls are regaining control.

Ichimoku Cloud analysis shows the price climbing above which is a classic sign of trend reversal. As long as LDO holds above $1.25, the bullish move could open the door for a rally toward the $2 mark in the coming weeks.

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