Lido DAO (LDO) is currently trading at approximately $2.13, up 16% in 24 hours. The price has been confined between $1.50 and $2.00, but a breakout above $2.15 is necessary for a substantial increase.

In the last 24 hours, LDO’s open interest increased by 32%, suggesting heightened trader interest. The long/short ratio of 1.14 signals a bullish sentiment, with over half of traders positioned long.