The Lido DAO (LDO) has shown good price performance over the daily chart. The price was in an upward trend by Jan 10th, 2024, as it increased from $1.50 support to $4.0 supply level, where the candle closed at $3.774.
After that, the LDO price struggled at supply but ended up in a declining wedge and reached the $1.50 support level by May 16th, 2024. However, the LDO crypto has displayed a strong surge as the price bounced back from a critical support level of around $1.50 on the chart by mid-May. This surge led the price to break out from the declining wedge pattern, but the price failed to pass the $2.70 resistance by May 26th and started deteriorating, and in 15 days, it fell 35.40%.
The LDO asset exhibits bearish strength as it holds below major 50-day and 200-day EMAs. Furthermore, the asset has displayed bearish behavior, as MACD stands at -0.055 below the zero line, and the RSI has flashed at 48.79, meaning that the LDO asset has been below the median line.
LDO Price Forecast!
At press time, the LIDO crypto has experienced a surge of 3.69% in the last 24 hours and traded at $2.053.
Therefore, if the buyer's interest in the LDO price is boosted, it could keep increasing from the current level. The next target for the price could be to reach the $2.25 and $2.70 mark.
However, the price could fall further if the Lido DAO crypto price fails to stay above the $1.75 level.
After that, the LDO price struggled at supply but ended up in a declining wedge and reached the $1.50 support level by May 16th, 2024. However, the LDO crypto has displayed a strong surge as the price bounced back from a critical support level of around $1.50 on the chart by mid-May. This surge led the price to break out from the declining wedge pattern, but the price failed to pass the $2.70 resistance by May 26th and started deteriorating, and in 15 days, it fell 35.40%.
The LDO asset exhibits bearish strength as it holds below major 50-day and 200-day EMAs. Furthermore, the asset has displayed bearish behavior, as MACD stands at -0.055 below the zero line, and the RSI has flashed at 48.79, meaning that the LDO asset has been below the median line.
LDO Price Forecast!
At press time, the LIDO crypto has experienced a surge of 3.69% in the last 24 hours and traded at $2.053.
Therefore, if the buyer's interest in the LDO price is boosted, it could keep increasing from the current level. The next target for the price could be to reach the $2.25 and $2.70 mark.
However, the price could fall further if the Lido DAO crypto price fails to stay above the $1.75 level.