TL;DR:
- The network added 141 new wallets in a single day, marking an activity milestone not seen in months while the price rose 21%.
- The LDO token trades near $0.39, with an RSI at 69.45 and a MACD confirming a bullish crossover on the current daily chart.
- Critical levels are set at the $0.37 support and a key resistance at $0.42, which are decisive for validating the trend change.
Lido DAO’s network activity experienced a notable acceleration, coinciding with the rally in its market valuation. In fact, Lido wallet growth reached multi-month highs, suggesting broader investor participation.
This positive streak occurs while LDO records a 21% increase in just two days. Technically, the RSI is at 69.45, nearing the overbought zone, while the MACD shows a positive histogram following a bullish crossover.
141 new addresses were created in a single day, validating the price movement and providing a more solid user base. However, this momentum must be maintained to prevent the rally from losing steam due to a lack of organic liquidity.
Network growth on $LDO is accelerating alongside price! 🚨
New wallet creation has surged to multi-month highs, showing a clear increase in user activity and participation.
This type of growth often supports strong short-term momentum.
Rising network activity tends to… pic.twitter.com/c0yhX0o2Jv
— CryptoBusy (@CryptoBusy) April 16, 2026
Analysts, including CryptoBusy, point out that the increase in participants usually provides a firmer foundation for short-term recoveries. However, the chart’s macro structure still needs to overcome historical resistance levels.
LDO Recovery and Technical Levels to Watch
Although the token bounced from the $0.30 range, it remains far from the trading zones located between $0.60 and $1.20. Therefore, this advance is interpreted, for now, as an early recovery attempt.
Thus, if the price holds above the $0.37 support, buyers could push the asset toward the next target. This zone of interest is located between $0.45 and $0.50 if the $0.42 barrier is broken.
Conversely, a slowdown in wallet creation could weaken the bullish sentiment. In that scenario, lower supports at $0.32 and $0.34 would act as safety nets before a further drop toward $0.27.
Ultimately, the convergence of positive on-chain metrics and bullish technical signals offers an optimistic outlook for Lido. The sustainability of this breakout will depend exclusively on maintaining a constant flow of new users and buying volume.
