For technical analysis of Lido DAO (LDO) on Binance 4-hour chart, we observe consolidation after a bullish rally. The uptrend line, represented by the dotted line, suggests a potential upward move if the price sustains above the 50-period moving average (orange line). Immediate resistance is at 2.32 USDT, and nearby support is at 1.94 USDT, marked by the 10-period moving average (blue line).

A divergence is observed: volume decreases while price lows increase, indicating accumulation and possible bullish momentum. The volume profile highlights significant activity near 2.22 USDT, suggesting a crucial pivot point.

In terms of fundamentals, Lido DAO is vital in Ethereum 2.0 staking, spurring interest in DeFi. Demand for staking and the transition to proof-of-stake can strengthen LDO, but it is crucial to consider regulatory risks and changes in market sentiment.

LDO shows a promising market structure for a near-term breakthrough. Given the inherent volatility of the crypto market, the use of stop losses is recommended to manage risk. Investors should monitor market developments and volatility. Confirmation of an uptrend depends on holding above key moving averages and breaking through upcoming resistance. Looking to capture this opportunity? Invest in $LDO now and explore the possibilities in the growing DeFi market. #DeFi ​​#Binance #EarnFreeCrypto2024