03 October 2022 : In this article we will walk you through Lido DAO price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Lido DAO, Is LDO a good investment? Lido DAO support & resistance levels etc. But before diving deep into the LDO technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.34 percent, bringing the entire cryptocurrency market to $729,661,588,345. The total trading volume stands at $45,441,080,186. Bitcoin shares 51.47 percent of the entrie market while Ethereum has a dominance of 16.12%.
which resulted in Bitcoin's price rising to $19,590.97 level after an upward movement of 2.17%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 2.38 percent reaching to $1,324.81 during the previous 24 hours.
While publishing this blog, BNB traded at $288.15, following a price change of 1.67% within the same time frame. XRP the native coin of XRP is down by -0.23 and currently trading at $0.46. Additionally, Cardano reached $0.43 after seeing a uplift of 0.59% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Lido DAO (LDO)
|LDO Resistance Levels||LDO Support Levels|
|Resistance Level 1||$1.70||Support Level 1||$1.48|
|Resistance Level 2||$1.82||Support Level 2||$1.39|
|Resistance Level 3||$1.92||Support Level 3||$1.27|
The price of Lido DAO (LDO) is at $1.53, up 3.4% in the past 24-hours and has a price change of -5.04% over the week. One day trading volume for BTC is 26,001,745.00 USD while total marketcap reached $478,799,258.00 USD. There are almost 312,951,154 are in circulation out of 1000000000.
LDO price analysis for 03 October 2022 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Lido DAO.
|Simple Moving Average (10)||1.61||Sell|
|Exponential Moving Average (10)||1.59||Sell|
|Simple Moving Average (20)||1.70||Sell|
|Exponential Moving Average (20)||1.68||Sell|
|Simple Moving Average (50)||1.94||Sell|
|Exponential Moving Average (50)||1.93||Sell|
While LDO’s Williams %R indicator is at -99.103 for the 14-day time period indicating a oversold condition and short term trend reversal is possible. Bulls can move the market in upward direction. The first support level for Lido DAO is at $1.48 while the second one is at $1.39. While taking about resistance the LDO has R1 and R2 at $1.70, $1.82 respectively. The LDO/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market. The Relative strength index (RSI) for LDO Coin is currently hovering at 37 for 14-days average line, which means LDO is just recovering from a oversold condition.
LDO price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Lido DAO to make a one directional move to make a good entry in the market.