Lido DAO Gains 6.66% as Technicals Signal Recovery

Edgen Crypto

·Mar 01 2026, 11:13

Share to

Share to

Copy link

Key Takeaways

The Lido DAO (LDO) token experienced a significant price increase, driven by technical indicators suggesting it was recovering from nearly oversold conditions. This has positioned the token for a potential move toward a key resistance level by the end of the month.

The LDO token price increased by 6.66% on March 1, demonstrating renewed bullish momentum.
A Relative Strength Index (RSI) of 34.82 suggests a technical bounce from a near-oversold state, attracting buyers.
Analysts are now targeting a potential push towards the $0.32-$0.34 resistance zone by the end of March.

LDO Climbs 6.66% From Near-Oversold Territory

The Lido DAO (LDO) token registered a notable 6.66% price increase on March 1, signaling a potential reversal from recent downward pressure. This upward move is supported by a key technical indicator, the Relative Strength Index (RSI), which stood at 34.82. An RSI level below 30 typically indicates that an asset is oversold, making the current reading of 34.82 suggestive of a technical bounce as buying interest returns.

Price Forecast Targets $0.34 Resistance Zone

Following the bullish daily performance, market analysis points to a short-term price target within the $0.32 to $0.34 resistance zone by the end of March. This range represents a critical technical barrier where selling pressure could intensify. The potential for a sustained move towards this target may attract short-term traders, likely leading to increased trading volume and price volatility for LDO in the coming weeks.