Lido DAO (LDO) is experiencing a struggle to break through the bearish channel and reach resistance at the $1.50 level. Despite showing bullish momentum, LDO remains trapped in a descending trend. While recent price rallies have reached around $1.24, they have stalled near this barrier. 14% gains are a sign of renewed buying interest but haven’t resulted in a significant shift away from the downtrend. Trading volume continues to be strong at $346 million, indicating continued market interest, but it has not yet triggered a clear trend reversal. LDO’s price remains below its past highs of around $3.00 and struggles to escape its prolonged bearish pattern. While short-term indicators suggest potential pullback or consolidation before a breakout, long-term trends remain largely bearish. A break above the $1.50 level could signal a significant change in momentum, but until then, LDO faces continued challenges.