Lido DAO (LDO) Short-Term Price Outlook for August

LDO price has had an impressive start to August. The price was trading near $0.95 at the beginning of the month and has been climbing steadily since then

In just over a week, LDO has jumped more than 40%, climbing to $1.372 before easing back to around $1.277.

The real push came after it broke above $1.20, a level that had been holding it back in July. Since then, buyers have stayed in charge, and the chart’s been printing a steady run of higher highs and higher lows.

Right now, the key area to keep an eye on is between $1.22 and $1.23. That’s the breakout zone from earlier this month, and it’s acting as a short-term floor for the price. If it holds, bulls remain in a strong position

Below that, $1.10 is the next major support, representing the demand zone where the early August rally began. On the upside, $1.37 is the first big hurdle for Lido DAO price. A clean breakout above this level could open the way toward $1.45 and $1.50, with $1.65 as a possible extended target later in the month.

Image Source: Coinank LDO Volume and Open Interest Signal Strong Participation

Trading volume has spiked sharply since August 7, confirming that the breakout above $1.20 was backed by strong market participation

The biggest volume surges came during the push above $1.20 and again when testing $1.37. Sustained high volume here would signal that buyers are still committed.

Open interest has also been climbing, now sitting around 45.99M. This rise shows more traders are opening positions, which aligns with the bullish trend.

Read Also: Kaspa (KAS) Price Prediction for Today (August 10)

Lido DAO Net Long and Short Positions

Net long positions stand at 187.87M, showing that bullish bets are still dominating. Net short positions are at 207.92M, meaning there is still some selling pressure, but not enough to shift the overall bias. A strong break above $1.37 could trigger short covering, potentially fueling a sharper move higher.

LDO Price Prediction for August

If LDO holds above $1.22 and pushes past $1.37 with strong momentum, a move toward $1.45–$1.50 is likely

With continued market strength, $1.65 could come into play before the end of the month. On the downside, if Lido DAO price loses $1.22 may open the door to a drop toward $1.10, and a break below that would bring $0.95 back into focus.

Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.

The post Lido DAO (LDO) Short-Term Price Outlook For August appeared first on CaptainAltcoin.