The Lido Dao price has maintained its bullish price sentiment by adding significant valuation to its respective portfolio over the last few days. Moreover, with a market cap of $1.99 billion, it has secured the 65th position.
With the ongoing market sentiments, will LDO price record a new 7-month high by surpassing its $3 mark? Read CoinPedia’s detailed article on Lido Dao price analysis to uncover the short-lived possibilities.
LDO Price Records Bullish Reversal!
The Lido Dao price has added 8.83% in 24 hours with a trading volume of $616.94 million. Moreover, it has added ~2% to its valuation in seven days and has 2xed its investor’s money over the last 30 days.
The EMA 50/200-day records a Golden Cross in the daily time frame of the LDO price chart. This highlights increased buying-over-selling pressure for the altcoin in the crypto market.
The Moving Average Convergence Divergence (MACD) shows a constant decline in the red histogram with its averages experiencing a positive crossover. This suggests that this altcoin may continue gaining value during the upcoming time.
Is LDO A Good Investment?
Breaking out of its resistance level of $2.260 could result in the Lido Dao price retesting its upper high of $2.675. If the bullish sentiment intensifies at that point, this could push the price of LDO toward its high of over $3 this month.
On the flip side, if the altcoin faces a rejection, the LDO token could retest its support level of $1.840. Moreover, if the bears outrun the bulls, it could plunge toward its low of $1.410.
To find out if Lido Dao will reach $10, Read CoinPedia’s in-depth Lido Dao Price Prediction. Also, subscribe to stay updated on the latest crypto news!
FAQs
The ATH of the LDO token is $18.62 and was recorded on 16th November 2021.
With an intraday surge of 8.33%, the Lido Dao token is currently exchanging hands at $2.224.
