Can LDO bulls repel bears? 

Can LDO bulls repel bears? 

According to AMBCrypto’s analysis, Lido saw a strong uptrend as buyers rushed into the market following good news. 

As a result, the altcoin’s Relative Strength Index (RSI) surged to 78, at press time, touching overbought territory.

At the same time, DMI spiked to 41, indicating strong upward momentum and its potential for continuation. 

When these momentum indicators are configured in this manner, they suggest that Lido may continue to make gains. 

That said, if buyers can hold on and continue accumulating, LDO could target $1.4. However, profit takers pose a threat to the continued uptrend, and if they overwhelm buyers, a pullback is likely to follow. 

If LDO faces rejection here, the altcoin will find support around $0.97.