Lido DAO (LDO) surges 9% in short period, reaches $1.164

Lido DAO (LDO) experienced a significant price surge, climbing nearly 9% within a short period. The token's price rose from an intraday low of $1.091 to a high of $1.164, marking a substantial increase. As of the latest update, LDO is trading at $1.160, reflecting a 5.17% rise over the last one-hour candle. The token's 24-hour price range sits between $1.062 and $1.164, with steady volume support.

The current price of LDO is $1.12, indicating a 1.3% gain over the last 24 hours. The hourly chart shows bullish momentum emerging after multiple red candles, leading to a breakout toward the $1.16 level. Resistance is now defined near $1.14, which briefly held before the price spiked higher. On the downside, support has formed at $1.07 based on recent consolidation before the move upward.

Notably, volume has remained elevated during the breakout, with intraday price action confirming strong buyer interest. The hourly time frame highlights a tall bullish candle that cleared previous short-term resistances. The current trend remains active, and price is consolidating just below the day’s high of $1.164.

The most significant move occurred during a single one-hour session, where LDO jumped over 6% in minutes. This movement followed a sequence of rising green candles, breaking above prior wicks and minor resistances. Price reached $1.164 before pulling back slightly to $1.160, where it now consolidates.

This high-volume move pushed the token to test the upper band of the day’s range. While the breakout sustained above $1.14, the pullback remains minimal for now. The move occurred with elevated volume activity on both sides of the LDO/USDT pair, reflecting increased interest in short-term trading.

Technical data places the next resistance at $1.14, where the price saw mild rejection before spiking higher. In the meantime, the support remains at $1.07, which is consistent with previous consolidation. The current volatility window is indicated with the 24-hour price range between the session low of 1.062 and the high of 1.164.

The combination of support and resistance areas will play a decisive role on how LDO trades in future sessions. Price remains above support while consolidating near resistance, with notable volume on both ends.