Revenue is less about the news and more a result of the actions of the 'whales': a purchase of $4.9 million increases confidence and pushes the price of $LDO upwards.
RSI at 67.8, indicating strong momentum without entering overbought territory.
Near resistance at $1.29–$1.30, breaking it could push the price towards $1.40+. Meanwhile, key support areas are at $1.10–$1.15.
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Accumulation by major investors (whales) enhances actual bullish signals.
Regulatory clarification regarding Liquid Staking from the SEC releases the iron from the anvil: all tokens representing $ETH staked (such as stETH) are not considered securities, increasing Lido's attractiveness to institutions and facilitating larger inflows.
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Strong momentum places the price near critical resistance; any early profit-taking could cause a pullback to the $1.10–$1.15 range.
Reliance on regulatory support makes performance vulnerable to any changes in regulations or new interpretations.
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Does $LDO break $1.30 and start a new wave towards $1.40+? Or would you prefer to watch from support first? Share your opinion!
