Lido DAO (LDO) is seeing a nice boost in price, up 12% and currently trading at $2.08. After weeks of moving sideways, this is a welcome change. However, LDO is still stuck below a key resistance level at $2.20. Breaking through this barrier has proven tough.

Investor interest seems a bit lukewarm right now. Many are concerned about whether LDO can hold onto these recent gains and build on them. The Global In/Out of the Money (GIOM) metric reveals that around 200 million LDO tokens, worth over $403 million, are still waiting to turn profitable. These tokens were bought when LDO was priced between $2.07 and $2.30. For these holders, crossing above $2.30 is crucial.

Until LDO breaks through that $2.20 resistance, most of these tokens will remain unprofitable. The longer it stays below this level, the more it weighs on bullish sentiment. If LDO can’t gather momentum, investors might become more cautious. That could further limit the altcoin’s price potential.

The overall momentum of Lido DAO is under the microscope. The Chaikin Money Flow (CMF) indicator is hovering around the neutral line. This means that inflows and outflows are pretty much balanced, with no clear trend toward buying pressure. For LDO to gain traction, the CMF needs to turn that neutral line into solid support and keep moving up.

Right now, the lack of consistent inflows shows investor hesitation. This could make it harder for LDO to achieve sustained gains. If those inflows don’t show up, the altcoin may struggle to rise, keeping prices in a tight range.

After that 12% jump in the last 24 hours, LDO is at $2.08. But it still faces significant resistance at $2.20, a level that’s held firm for over a month. Despite the recent uptick, LDO’s ability to rally further remains uncertain.

The ongoing resistance at $2.20 is blocking LDO from hitting the crucial $2.30 mark. That’s necessary for a significant portion of tokens to become profitable. If this resistance continues to hold, LDO could find itself stuck in a range between $2.20 and $1.56. That would likely frustrate bullish investors.

If LDO can break through the $2.20 resistance, it could flip that level into support and aim for $2.61. Such a move would change the game, turning unprofitable tokens into gains. This could also boost investor confidence in LDO’s long-term potential.