Lido shows signs of rebound: Can LDO pass $2.40, hit new highs?

LDO shows signs of recovery as it tests its trading channel’s lower boundary. Despite the positive price action, over 52.40% of holders are ‘Out of the Money,’ reflecting cautious market sentiment.

Transaction volumes surged, peaking at 2.83k, correlating with a price of $1.87. A sustained buying momentum could push LDO towards $2.40, but failure to maintain current support may see it drop to $1.34.

Currently, 37.47% of LDO holders are in profit, while a significant 52.40% face potential losses if selling at current prices. This distribution of profitability reflects a cautious investor sentiment within the LDO market.