Lido DAO's native token, LDO, has seen a strong rally in the past 24 hours. However, it is now facing resistance at $2.10, a level that has historically led to selling pressure and price declines. On-chain data suggests that long-term holders may be preparing to sell, as $7.18 million worth of LDO tokens have been moved to exchanges. This could lead to selling pressure and further price decline. Technical analysis indicates that LDO is currently at a crucial resistance level, and if it breaks through, it could experience a significant rally. LDO's price has increased over 15.50% in the past 24 hours, with increased trading volume indicating higher participation from traders and investors.



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