Lido DAO (LDO) Surges 9.86% After Key Resistance Breakout

Lido DAO (LDO) has recently demonstrated strong bullish momentum after successfully breaking through a key descending resistance trendline. This technical breakthrough occurred on the 8-hour Binance chart, where the asset is currently trading around $0.97. The resistance had been in place since April, making the move technically significant. Analysts have noted visible accumulation and rising volume as evidence supporting the breakout. The chart outlines a projected target of $1.65, which represents a 72% increase from the breakout level. World Of Charts also noted that the bullish structure remains intact, with potential for a 50%+ move in the near term. Price action continues to support the bullish scenario, with a clean breakout followed by sustained buying pressure. Traders are advised to monitor volume and confirmation signals for follow-through.

In addition to the technical breakthrough, Lido Finance announced on July 15 that it has finalized its Dual Governance upgrade, completing the final phase of its Scorecard initiative. The update brings all assessment items to either “Okay” or “Good,” according to the latest governance report. Over the past three years, Lido addressed every item marked as “Needs improvement,” aiming to align more closely with Ethereum’s decentralization principles. The project credited contributors, community members, and LDO holders for helping achieve these goals. The Dual Governance framework aims to reinforce decentralization, permissionlessness, and resistance to censorship. Lido reaffirmed its focus on building secure and trustless liquid staking solutions for the Ethereum ecosystem.

At the time of writing, Lido DAO (LDO) is trading at $0.9262, marking a 9.86% increase over the past 24 hours. The token has been testing the $0.93 resistance level, with short-term support holding near $0.81. Analysts suggest that a sustained breakout above $0.93 could trigger further upward movement. The price trend remains bullish, supported by both technical breakout signals and strong volume. If momentum continues, the $1.65 target may be within reach, reinforcing the optimistic technical outlook.