Lido DAO at a Crossroads: Will it Break Through Resistance or Continue Down?

The Lido DAO (LDO) token is facing a crucial juncture in its price action. After months within a long-term downtrend, the token has reached the $1.60 resistance level, marking a decision point for continued bearish pressure or a potential bullish breakout. Analysts suggest that if LDO breaks above this key threshold, it could signify a shift towards a sustained upward trend, with targets of $2.08, $2.69, and ultimately, $4.00. However, if resistance persists, the downtrend may resume, potentially leading to a retrenchment back towards $1.00- $0.80.