- Lido DAO (LDO) experiences bullish momentum, eyeing a $2 resistance level.
- Investors’ demand for LDO surges as market capitalization and volume rise.
- Negative Fisher Transform and RSI below 50 suggest a potential downtrend for LDO.
In the last 24 hours, Lido DAO (LDO) bullish momentum has dominated the market, with prices fluctuating between $1.83 and $1.95. LDO is currently trading at $1.88 at the time of writing, indicating a relatively stable price range.
The bullish momentum indicates strong buying pressure in the market, which could soon push the price toward the $1.95 resistance level. A break of the resistance level may cause a surge to the next resistance level at $2.00, as traders and investors may interpret it as a bullish signal to enter or increase their positions.
However, suppose the price fails to break through the resistance level. In that case, it may enter a consolidation phase or even a pullback toward the $1.83 support level due to profit-taking and selling pressure.
During the bull run, LDO’s market capitalization and 24-hour trading volume increased by 2.70% and 34.55%, respectively, to $ 1,651,621,840 and $ 70,294,969. This incr…
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