The LDO token has experienced a strong start to August, with its price jumping more than 40% from the beginning of the month. It climbed rapidly towards $1.37 before easing back to around $1.277. A significant driver behind this growth was its breakout above the $1.20 resistance level, which had been holding it back in July. Since then, buyers have been in control, resulting in a consistent upward trend on the chart with higher highs and higher lows. 🕵️♀️ 📈 The key level to watch is between $1.22 and $1.23, acting as a short-term support zone after a breakout from earlier this month. If it holds firm, bulls are well-positioned for further gains. 🤝 💎 Below that, at $1.10, the next major support level lies, representing the demand area where the early August rally began. 💪 📈 On the upside, resistance is expected around $1.37, a level that could act as a potential turning point for Lido DAO’s price. A clean breakout above this may open the door to further gains, potentially reaching $1.45 and $1.50, with $1.65 as a possible extended target later in the month.