Lido DAO's (LDO) price has been trading within a tight range between $1.50 and $2.00 but is now breaking out of this zone amid the ongoing crypto market recovery. Technical analysis suggests that if LDO closes a daily candle above the $2.15 resistance level, there is a strong possibility for it to soar by 55% to reach $3.37. The asset is currently trading above the 200 EMA, indicating an uptrend, and the RSI suggests there is still room for significant growth. On-chain analytics show increased interest in LDO, with a surge in open interest and more traders holding long positions rather than short positions. LDO is currently trading near $2.13, experiencing a price surge of over 16% in the past 24 hours.



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