The price of $LDO has increased by 22% in 24 hours, reaching $1.13, after BitGo announced support for ETH staking through the Lido protocol. The announcement is expected to support further growth of LDO over the weekend. The price may surpass the resistance level of $1.18. Strong support is marked by the Parabolic SAR indicator points below the price candles. It could support the altcoin's rise to $1.34, which would be a 4-month high.

If LDO fails to break the resistance at $1.18, it risks facing sell-offs. In this case, the token may drop to $1.07, and losing this support could send it down to $0.99. This would invalidate the bullish forecast and indicate a potential decline.