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Lido DAO

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LDOUSD trade ideas

Lido DAO Long-Term analysis, getting profit of +540% ROILido is currently trading within sideways waves and has recently breakout above a trendline within these waves. This indicates a potential uptrend. The first target is the top of the sideways wave at $3.45 USD, which also acts as a resistance level. Reaching this target could yield a potential profit of +181% percentage ROI. If the market closes above or breakout of this first target, a more significant price movement could occur, potentially reaching the second target of $6.325 USD. This could result in a total potential profit of +540%. Good luck.
CRYPTO:LDOUSDLong
by TradingTrillionairesOfficial
## A Glance AT LDO Price To Assess The Next Move Ahead? Lido DAO (LDO) witnessed an impressive surge of nearly 175% at the start of Q1 2024, pushing its price toward the $4.00 mark. However, the rally was short-lived as bears, armed with heavy sell orders, quickly gained control. This drove the price down from the supply zone’s peak. Despite several attempts to hold onto gains, investor confidence remained shaken, leading to continuous sell-offs. The unrelenting bearish pressure, has contributed to the token's lackluster performance in recent months. Various market events have fueled broader negative sentiment over the past 48-72 hours. As a result, Lido DAO’s price continued to decline, deflected from the upper edge of a wedge formation before heading towards a key demand zone. At the time of writing, LDO was trading at $1.156, approaching critical support levels. If the price continues to fall, the $1.00 level is the next major support to watch. On the flip side, a market revival would require LDO to break above $1.50 and $1.75 to signal a potential change in trend. For now, the outlook remains cautious as Lido DAO faces ongoing pressure from bearish market forces.
COINBASE:LDOUSDShort
by Yash_Jain_1309
the Change of Character (CHOCH) above the $2.0 mark, possible?After peaking at $4 in the second week of January 2024, the LDO has consistently declined below over the last seven months. It had lost its value by more than 70% from the swing high of $4.043. This displayed a strong bearish behavior in the token price and sellers' dominance, which led to its 2023 demand zone. The following deteriorating behavior of the token has led to the formation of a falling wedge pattern. In order to see a reversal in price, the LDO token price will need to break above the wedge pattern with strong momentum or the Change of Character (CHOCH) above the $2.0 mark. Following the recent surge, the 20-day EMA has been pierced, but 50-day and 200-day EMA hurdles still loom. A glance at the chart showed that the price of LDO traded in a death cross since the second quarter of 2024. At press, other indicators are bullish with recent charge optimism. The MACD had a bullish cross, and the RSI had pierced the median line at 55.04. Based on further continuation in bullishness, the resistance levels of $2.0 and $2.7 must need to be monitored. On the contrary, if the price fails to rise more, then the $1.0 mark needs strong protection by the bulls.
COINBASE:LDOUSDLong
by Yash_Jain_1309
Lido DAO Faces Investor Apathy: Will the Downtrend Persist? Lido DAO Faces Investor Apathy: Will the Downtrend Persist? Meta Description: Lido DAO price has been struggling, experiencing a sharp 38% drop in early August. The 24 hour as well as 7 day active addressees curve seemed to be declining indicating a waning interest of the investors. At the time of writing, Lido DAO was exchanging hands close to $1.09, recording a 2.44% positive development in intraday. Lido DAO price seemed to be struggling at the lows in order to find a firm footing. Earlier, LDO experienced a sharp crash in the 1st week of August losing over 38% a week. The price slumped to multi month lows indicating a strong bearish control. At the time of writing, Lido DAO was exchanging hands close to $1.09 recording a positive intraday development of 2.44%. Despite the efforts to find stability near the demand, the loss in the active addresses curve highlights the waning interest of the investors. Lido DAO provides staking to a wider range of users by pooling stacked ETH from multiple users. It is a decentralized autonomous organization (DAO). With a live market capitalization of $986.388 Million and ranks 64th in the crypto space. User Engagement On The Decline Despite the recent efforts by Lido DAO to withstand above the demand zone and psychological level of $1, there has been a steep decline in the Active addresses indicating the waning interest of the investors. Source: app.santiment.net As per the data obtained by an on-chain analytics website, the 24 hour as well as the 7 day active addresses curves seemed to be headed downwards. The decline in the active addresses highlights losing confidence of the investors. The active addresses reveal the total number of unique users taking part in a transaction in a given period of time. An increased active address indicates a strong demand and the willingness of the investors to buy and vice versa. Moreover, the transaction volume has dropped by 7.89% a day to $53.23 Million highlighting a drop in demand despite the price rise in intraday. The volume to market cap ratio at 5.3% suggests low volatility. Is Lido DAO A Sell On Rise For Next Week? The Lido DAO price seemed to be struggling for a firm establishment near the $1 psychological level. The drop in the transaction volume and active addresses highlight the waning interest of the investors in the short term which may again allow bearish forces to act at the higher levels. On the higher side, the $1.2 level may act as an immediate resistance and try to halt the further momentum of Lido DAO. The price currently hovers below the all the key exponential moving average indicating a bearishness in the short term as well as long term. On the lower side, the breakdown of the $1 level could further fuel a bearish trend continuation towards the $0.8 level. However, until the $1 is defended, the bulls may attempt to turn the tables in their favor. The technical indicators leave a bearish note on a combined analysis. Lido DAO's price has been struggling, experiencing a sharp 38% drop in early August. Currently trading around $1.09 with a slight intraday gain, the price faces challenges due to declining active addresses, indicating waning investor interest. Despite attempts to stabilize above the $1 psychological level, bearish forces seemed to be in domination. Moreover, the $1.2 level acts as immediate resistance, while a breakdown below $1 could push the price towards $0.8. Technical indicators suggest a bearish outlook in both short and long terms, with declining transaction volumes and active addresses highlighting investor uncertainty.
CRYPTO:LDOUSDLong
by Ritika_TCR
1
Lido DAO Price Set for 30% Increase Amid Growing User InterestLido DAO Price Set for 30% Increase Amid Growing User Interest An on-chain metrics 24H Active addresses have recorded a 30% rise indicating increased user engagement. LDO price DAA divergence indicators highlight a positive divergence suggesting a bullish continuation. Lido DAO price gained traction after stabilizing near the demand zone of $1.5 and surged higher. The LDO token price has been on a five day gaining streak erasing nearly 20% of recent losses. Despite rising over 20% in the recent session, the long term trend outlook emphasizes being in a correction phase. It adds the risk of price failure at the higher levels. However, few on-chain metrics have signaled a positive development which may derive growth in Lido DAO and may break out of a correction phase. Lido DAO is a decentralized autonomous organization (DAO) offering staking infrastructure across various blockchain networks. The platform is particularly known for its liquid staking solution for Ethereum. Users can stake their ETH and receive stETH (Lido staked ETH) tokens in return, which represent their staked ETH and accumulated staking rewards. It has a live market capitalization of $1.75 Billion and ranks 52nd in the cryptoverse. LDO: 24H Active Addresses On A Rise Along with a rise in LDO price in the recent sessions, there has been an exponential growth in 24 Hour active addresses. There has been a near 30% jump in the 24 hour active addresses in the recent sessions as per the data obtained from app.santiement.net, an on-chain analytics website. On a deeper dice, it was observed that the 24 hour active addresses were close to 300 a few days ago which has surged to nearly 380 as of now, suggesting a rise of over 30%. Active addresses represent the number of unique users which have taken part in any transaction in a given period of time. Additionally, an increased number of active addresses indicate a high user engagement which generally heightens the demand. The volume to market capitalization at 12.46% indicates high volatility. LDO Price DAA Divergence Analysis furthermore, price DAA divergence is another on-chain metrics which highlights the further growth in Lido DAO price. This metric measures any positive or negative divergence between LDO price and Daily active addresses. A positive divergence highlights a growth potential in the price and vice versa. The weekly price vs DAA metrics highlights a positive divergence suggesting a potential growth in LDO price. Apart from it, other technical indicators i.e. RSI placed at 55.86 points suggests a bullish continuation in the short term. The short term Exponential moving averages 20 and 50 day suggest a bullish continuation whereas, 200 day EMA highlights a bearish trend prevailing. Can Lido DAO Make A Bullish Reversal? Lido DAO's token price surged, erasing nearly 20% of recent losses over a five-day gaining streak. Despite this rise, the long-term trend remains in a correction phase, posing risks at higher levels. However, positive on-chain metrics, such as a 30% increase in 24-hour active addresses and price DAA divergence, suggest potential growth. Additionally, The RSI at 55.86 points indicates short-term bullish continuation. While the 20 and 50-day EMAs suggest a bullish trend, the 200-day EMA highlights a prevailing bearish trend. Key levels to watch are $2.5 for a bullish breakout and $1.5 for potential bearish continuation.
CRYPTO:LDOUSDLong
by Ritika_TCR
Can $15 Million Inflow Trigger A Revival In Lido DAO (LDO)Can $15 Million Inflow Trigger A Revival In Lido DAO (LDO)? The open interest contracts have noted a rise of nearly $15 Million in the last couple of sessions indicating investors confidence. At the time of writing, Lido DAO was trading close to $1.67 recording a moderate loss of 0.48%. Lido DAO seemed to be stabilizing after near the $1.5 level in the recent sessions. Moreover the price bounced back yesterday piquing significant investors attention. The recovery in the blue chip cryptocurrencies have added a boost to the investors sentiments. In the earlier sessions, Lido DAO has failed to grab the attention of the investors amid the broader market recovery. However, the recent surge in the Open interest contracts may bring back the investors confidence. The open interest contracts have noted a nearly $15 Million surge which may trigger a recovery in the LDO price. Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks. It has a live market capitalization of $1.46 Billion and ranks 53rd in the cryptoverse. Investor Confidence Wavers in Lido DAO The bulls initiated a recovery yesterday due to which Lido DAO surged nearly 7.5%. In conjunction with the price surge, there has been a notable rise in the open interest in the last couple of sessions. A financial and on-chain analytics website revealed that the number of outstanding contracts in Lido DAO has surged by $15 Million. The open interest contracts have surged from $70 to $85 indicating a jump of nearly 20%. Furthermore, the transaction volume has surged by 16.1% to reach $121.7 Million a day. The increased transaction volume indicates a heightened demand. Moreover, the volume to market cap ration was 8.41% suggesting mild volatility. Can Lido DAO Break Out Of A Correction Phase From a technical standpoint, Lido DAO crypto was hovering below the key exponential moving average of 20, 50 and 200 days suggesting a prevailing bearish trend. The key EMAs may offer resistance and the price may suffer more. For a bullish reversal, the price needs to overcome the key dynamic resistances. on the lower side, the $1.5 level may act as a support which if breached may force the price to decline towards the $1 level. At the time of writing, the RSI line was placed close to 40 points and that of the 14 day SMA line was placed close to 39 points indicating a weakness over the charts. Moore over a bullish crossover of both the lines was observed indicating a possible rebound. Conclusion. Lido DAO cryptocurrency has recently shown signs of stabilization, with a notable 7.5% price surge yesterday. Moreover, A $15 million increase in open interest contracts suggests a potential recovery. Furthermore, A 16.1% rise in transaction volume and open interest suggests growing demand and investor confidence. From a technical point of view, Lido DAO hovers below key EMAs, indicating a bearish trend, but a bullish reversal is possible if it breaks through dynamic resistances. Currently, the RSI and SMA lines suggest market weakness, yet a bullish crossover points to a potential rebound, with $1.5 as a critical support level.
COINBASE:LDOUSD
by Ritika_TCR
Lido DAO Records $43 Million Outflows as Price Crashed 20% A weeLido DAO Records $43 Million Outflows as Price Crashed 20% A week LDO price noted a drop of nearly 20% a week that took the price near the multi month support of $1.5 level. In a week, the Open Interest has dropped from $120 Million to $77 Million. Lido DAO seems to be struggling near a psychological support of $1.5 level. The price noted a sharp crash in the recent week observing the impact of broader market weakness. The LDO price crashed nearly 20%, losing the recent gains. The recent decline caused the liquidation of nearly $43 million long contracts as evident from a financial website app.santiemnt.net. The lack of bullishness near the multi month demand adds the risk of a further price decline. The absence of investors is also acting as a resistance to any potential recovery LDO could witness. OI Data Suggests Long Unwinding Lido DAO price crashed to a psychological support of $1.5 level, after a weekly fall of nearly 20%. Moreover, the recent price crash caused a significant amount of long unwinding. As per the data obtained by an on-chain website app.santiment.net, the open interest dropped from $120 Million contracts a week ago to nearly $77 Million OI contracts as of now. It suggests a long unwinding of nearly $43 Million contracts in the previous week. it suggests a reduction in the number of outstanding contracts or positions held by the traders and Investors, indicating a decreased market activity. Moreover, the intraday transaction volume has dropped by 7.6% to $130.0 Million a day. It has a live market capitalization of $1.433 and ranks 54th in the cryptoverse. Lido DAO Technical Analysis While the broader market headed for a recovery after a sharp fall in the last couple of sessions. On the other side, Lido DAO is still looking for the buyers back near the demand zone. The lack of buyers at the demand adds the risk of a price failure again. Now, if the selling pressures exceed and the price breaks below the psychological $1.5 level support, it may head towards the next support of $1 level. whereas, if the bulls establish their presence near the demand, the LDO price may take a rebound towards the highs. The technical indicators imply a neutral to bearish outlook at the moment on a combined analysis. The LDO price hovers below the key exponential moving average of 50 and 200 days indicating a bearishness. while the RSI and 14 day SMA line has started converging indicating a neutral stance. Can Lido DAO Recover or Slump Again? Lido DAO price was hovering near the critical support of $1.5, with recent market trends causing a significant drop. The cryptocurrency faces a potential decline due to a lack of buyers near its demand zone. On-chain data from app.santiemnt.net shows a decrease in open interest from $120 million to $77 million, indicating a $43 million long unwinding and reduced market activity. Currently, If selling pressure persists and the price falls below $1.5, it could further drop to $1. Conversely, if demand picks up, a price rebound is possible. The technical indicators suggest a neutral to bearish sentiment.
CRYPTO:LDOUSDShort
by Ritika_TCR
LDO Crypto Breaks Out Of Correction Phase: Time To Ride The TrenLDO Crypto Breaks Out Of Correction Phase: Time To Ride The Trend LDO crypto made a breakout of an interesting channel pattern marking an end to its correction phase. The breakout is supported by a massive 40% rise in intraday volume. The social sentiments have surged to a three month high indicating optimism. Lido DAO crypto gained traction and made a strong breakout marking an end to a correction phase. The daily chart reveals the breakout of an interesting channel pattern. Moreover, the breakout has been backed by significant jump in the volume inflow and social sentiments indicating an increased demand which may further push the price higher. At the time of writing, the LDO price was exchanging hands close to $2.36 indicating a positive intraday development of 8.3%. Lido DAO Crypto: Social Sentiments And Volume Explodes! Lido DAO crypto has made a bullish reversal rising 8.3% in intraday today. The crypto made a breakout of a declining parallel channel pattern thus shifting its trend in a positive territory. As per the data obtained by a financial website app.santiment.net, there has been a notable increment in social metrics. the social dominance and social volume has surged to a three month high indicating an increased participation of the social media users and the community members. Moreover, the breakout is supported by a massive rise in the volume inflow. The volume inflow has surged by 40% reaching $327.9 Million per day. The volume to market cap ration was 15.31% indicating an increased volatility. Analysts Anticipate a 50% Growth Ahead? The daily chart witnesses a breakout of a descending parallel channel pattern. The rise in volume inflow indicates an increased demand for the crypto adding confirmation to a breakout scenario. From a technical point of view, the crypto has made a breakout of a 200 day Exponential moving average indicating a bullish reversal. On the higher side, if the bulls are able to surpass the recent supply of $2.60, the price may look to conquer the next $3.6 level supply marking a potential rise of nearly 50%. At the time of writing, the RSI line was placed at 56.84 points and the 14 day SMA line was at 45.25 points. Moreover, a bullish crossover of both the lines was observed adding confirmation to a continued bullish trend. Conclusion. Lido DAO crypto has experienced a significant breakout, marking an end to a correction phase. Social metrics from app.santiment.net reveal a three-month high in social dominance and volume, indicating heightened community engagement. Moreover, A 40% increase in daily volume inflow to $327.9 million and a volume to market cap ratio of 15.31% suggest high volatility. From a price point of view, the asset has broken out of a descending channel pattern and surpassed the 200-day Exponential Moving Average. Now, if it surpasses the $2.60 resistance, then a potential 50% rise in the price may be observed. The RSI and SMA lines' bullish crossover supports the uptrend. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
COINBASE:LDOUSDLong
by Ritika_TCR
LIDO crypto has experiencedThe 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.
COINBASE:LDOUSDLong
by Yash_Jain_1309
LDO Failed To Break Out Of Correction Phase: What’s Next?LDO Failed To Break Out Of Correction Phase: What’s Next? The Lido DAO crypto suffered rejection from the higher boundary of the parallel declining channel pattern and dropped towards the support losing 20.10% this week. The downward move marks a continuation of the correction phase. Moreover, the LDO crypto has been in a correction phase since February and has dropped nearly 50% from the annual highs. The higher boundary of a declining parallel channel pattern has been acting as a strong resistance. Currently, the outlook could turn more bearish if the price falls beneath the critical support at $1.80. However, should the bulls manage to uphold this support level, there's potential for the cryptocurrency to initiate a recovery phase.
COINBASE:LDOUSDShort
by Ritika_TCR
Lido DAO Breaks Out Of Correction Phase. Lido DAO Breaks Out Of Correction Phase. Lido DAO operates as a decentralized autonomous organization offering staking services across various blockchains. It is particularly known for its liquid stacking feature on the Ethereum network, where users can stake their ETH and in return, obtain ETH tokens. These tokens symbolize the ownership of the staked ETH and any earned staking rewards. Lido DAO has made a remarkable recovery, emerging from a downturn following the effective management of a security breach involving Numic. The incident, identified on May 14, stemmed from an illicit intrusion into a Numic developer's system, which led to a 40% uptick in Lido DAO's price. The LDO crypto has enjoyed a surge exceeding 45%, surpassing many leading cryptos. With the overall market mood being upbeat, there's a strong possibility that Lido DAO will continue its ascent, potentially reaching its yearly peak of $4, which would represent a 50% increase in value for the coming month
COINBASE:LDOUSDLong
by Ritika_TCR
1
the LIDO crypto has experienced a surgeThe LDO asset is exhibiting bullish strength and rising capacity as it holds above major 50-day, and 200-day EMA's. furthermore, the asset has displayed bullish behavior, as MACD stand at 0.069 above zero line and the RSI has flashed at 68.10, meaning that the LDO asset has not faced much resistance yet and can continue rally higher. At press time, the LIDO crypto has experienced a surge of 8.75% in the last 24 hours, and traded at $2.570. therefore, if the demand for the the LDO asset price increases, it could continue rallying from the current level. The next target for the price could be to reach $3.00, and $3.50 mark. However, if the Lido DAO crypto price fails to stay above the $2.0 level and trades back into the wedge, it could decline further, as the bullish pattern would lose its importance in that scenario.
COINBASE:LDOUSDLong
by Yash_Jain_1309
1
Are Bears Pushing LDO Down?Lido Dao has a market cap of $1.54 Billion and is ranked 55th in the CMC. The protocol has a supply of 100 Million in which 89.9% is circulating in the market.LDO is currently trading near the value of $1.74 with a drop of 2.559% in the intraday session. LDO token price is currently trading below the 50 and 200 EMA with a negative crossover in the past. If the price surges above the EMA then a strong upside trend in price can be observed. On the daily chart the asset price is trading in a downside parallel channel. The upside momentum of the Lido token price can see a halt near $2.Meanwhile,the downside momentum of price can observe a halt near $1.5. The RSI of Lido Dao is near 36 with a downside slope suggesting its presence in the neutral zone. The overall sentiment of RSI and MACD is bearish in nature.
BITFINEX:LDOUSDShort
by Ritika_TCR
LDO/USDT - Yearly OverviewThe technical chart of Lido DAO (LDO) highlights the rollercoaster price action. At the time of its initial launch, LDO token faced a significant downfall to the support zone around $0.50. This presented a rational buying opportunity for investors which resumed its bullish momentum and resulted in a new peak formation of around $3.00. The underlying fundamental behind the bullish move can be the anticipation of the Ethereum merge around that time. Since then, due to the overall market conditions, the LDO token has faced significant selling pressure at regular intervals. It should be noted that the price level is again near the support zone which on the previous stance provided a huge bounceback to Lido DAO. Considering the moving averages, MA-10 has faced a negative crossover against MA-20 and MA-50 which indicates that LDO is still facing selling pressure in the market. On the Fibonacci retracement table, the levels must maintain sustainability above 0.786 FIB level and look to break above 0.5 FIB level in the long term. The RSI level is unable to maintain sustainability above 50 which suggests that LDO has faced selling pressure as soon as there’s a profit-booking opportunity for its investors. Considering the key statistics, resistance levels for LDO can be placed at $1.50 and $2.00 whereas the support levels can be placed at $1.00 and $0.50.
BINANCE:LDOUSDLong
by TradeDog-Research