Lido DAO - Buy Idea (Short-term)Lido DAO (LDO) is a decentralized autonomous organization that offers liquid staking solutions, enabling users to stake their Ethereum and other supported assets without losing liquidity. This approach has positioned Lido as a significant player in the decentralized finance (DeFi) ecosystem, providing flexibility and efficiency for stakers.
As of February 17, 2025, LDO is trading at approximately $1.9115. Recent technical analysis suggests potential bullish momentum. The daily chart indicates a consolidation phase between support at $1.3340 and resistance at $2.57, forming a defined trading range, favoring a bullish continuation move. The previous major high around $2.500 is our final destination, representing an approximate 25% increase from current prices. Our primary profit target is aligned with the key-level resistance $2.1790
Looking ahead, various forecasts present a range of price targets for LDO. Some analysts anticipate that LDO could reach up to $2.5 in the very near future, reflecting a 27.5% increase. Longer term conservative assessment estimates growth to the levels around $3.5 by mid-2025. These projections are influenced by factors such as market sentiment, technological developments, and broader adoption of Lido's staking solutions.