The post Lido Dao Price Eyes $3 With A Breakout Rally This Month? appeared first on Coinpedia Fintech News
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.
TradingView: LDO/USDT
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.