@ronlordd.base.eth
$LDO Follow-up
š On-chain insights
ā TVL ~$32.65B, the largest ETH liquid staking platform globally, with 24h revenue of $283K ($6M/7d).
ā Whales and smart money continue accumulating around $1.05ā$1.10, showing conviction in the ETH staking narrative.
ā Metrics like active addresses and positive netflows (IntoTheBlock) continue to show recovery signals.
š„ Narrative
ā As ETH gains mainstream acceptance (spot ETFs, stablecoin bills), ETH staking demand will grow, directly benefiting Lido.
ā Integrations across multiple chains (Solana, Polygon, etc.) and new staking modules increase stETH utility, strengthening the liquid staking model.
š Technical analysis
ā Strong support: $1.05ā$1.10 | Pivot: $1.08ā$1.10 | Near resistance: $1.20ā$1.25.
ā Mid-term RSI around 50, neutral. Volume stable around ~$350M ā not overheated but steady.
ā A breakout above $1.20 with strong volume could target $1.30ā$1.35 short-term, with a longer-term potential to retest $1.50+.