Lido DAO ( LDO ) Price Prediction: TVL breaks through $38.1 billion, funding rate turns positive, can LDO hit the key resistance level of $1.5?

The decentralized liquid staking protocol Lido DAO governance token LDO has recently shown strong performance, with a price surge of 9.91% to $1.28 within 24 hours (as of the time of writing), while the 24-hour volume has skyrocketed by 122.74% to $391.95 million. More noteworthy is its total value locked (TVL) which has significantly risen to $38.17 billion, while off-chain derivation data also indicates strong bullish sentiment, with significant net outflows from the exchange (coin hoarding signal). With multiple favourable information stacking up, LDO has achieved a monthly rise of 45%, and the market is watching whether it can maintain its upward momentum to break through the $1.5 mark and challenge the $2 target.

【LDO Price Soars in Sync with TVL, Investor Confidence Returns】 According to CoinMarketCap data, LDO is currently priced at $1.28, with a 24-hour rise of 9.91%, accompanied by a surge in volume of 122.74% to $391.95 million. A key indicator reflecting capital flow within the protocol and investor sentiment—the Total Value Locked (TVL)—has seen a robust increase to $38.17 billion. The rebound in TVL signifies a notable improvement in market confidence. Data from DeFiLlama shows that in January this year, TVL nearly reached a peak of $35 billion, followed by an outflow of over $20 billion, indicating a shift towards short-term operations among investors. The recent significant inflow of capital suggests that investors are once again locking their assets into the protocol, which constitutes substantial Favourable Information for the LDO Token. Over the past month, LDO has accumulated a 45% increase, with a nearly 10.23% rise in the last day, further strengthening bullish market expectations.

【Derivatives Market: Funding Rate Turns Positive, Open Interest Surges, Bullish Sentiment Evident】 Off-chain indicators clearly show that investors are positioning for further rise in LDO, with its liquidity supply model aligning with bullish sentiment. According to CoinGlass data, in the past 24 hours, the aggregated funding rate in the LDO perpetual contract market on multiple centralized exchanges (CEX) has turned positive at 0.0094%. A positive funding rate indicates that long position holders dominate the derivatives market, willing to pay fees to maintain their positions. Additionally, open interest has significantly increased by $35 million, reaching $273.66 million, marking a clear growth in bullish positions.

(Source: Coinglass)

[Spot Market: Net Outflow from Exchange Evident, Strong Signals of Whale Coin Hoarding] LDO's sentiment in the spot market has also undergone a positive shift. Key data shows that on August 10, LDO recorded a net outflow from exchanges of up to $1.71 million. This means a large number of tokens are being transferred from exchanges to private wallets, which is a clear signal of investor accumulation. If this spot coin hoarding pressure can be sustained, it will provide strong support for the LDO price, pushing it to challenge the key resistance level of $1.50, with the next technical target aimed at the $2.00 mark.

(Source: Coinglass)

【Q2 Performance Favourable Information Boosts Market Sentiment】 Lido DAO's recent second-quarter (Q2) report paints a moderately bullish outlook for its liquid staking protocol. The report emphasizes the growth in the distribution of staked tokens, reaching 478,700 stETH (Lido's staked Ethereum tokens), while maintaining its leading position in the public cloud staking market. This positive performance update is likely to have played a key role in the recent strong rebound of LDO and the shift in spot market sentiment towards bullish.

【Conclusion: Strong Uptrend but Beware of Volatility】 LDO has shown strong upward momentum driven by multiple favourable factors, including a robust rebound in TVL, a positive funding rate for derivatives with a surge in open contracts, significant coin hoarding signals in the spot market, and positive performance updates for Q2, targeting $1.50 and even higher. However, investors should be cautious, as after a substantial rise, short-term profit-taking pressure and overall cryptocurrency market volatility could trigger a price correction. Whether LDO can successfully break through key resistance and initiate a new market cycle will depend on its ability to maintain TVL growth, the sustainability of bullish market sentiment (especially in the derivatives market), and the broader cryptocurrency market environment. The continued development of the Lido ecosystem and its leading position in the liquid staking space will be crucial for supporting LDO's long-term value.