Lido DAO Price Analysis: Will LDO Retest $1.56 Level?


  • 24-hour trading volume for Lido DAO is hovering at $19,519,150.00.
  • Lido DAO has a medium term resistance at $1.76.
  • Lido DAO(LDO) records upswings today.
  • LDO fall -2.61% in seven days.

24 September 2023 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,054,455,966,882. The total trading volume stands at $14,806,067,335. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,587.28 level after an upward movement of 0.05%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.21 percent reaching to $1,594.65 during the previous 24 hours.
While publishing this blog, BNB traded at $210.77, following a price change of 0%within the same time frame. XRP the native coin of XRP is up by 0.08 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% 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.

Lido DAO Support and Resistance

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 $1.56 Support Level 1 $1.17
Resistance Level 2 $1.76 Support Level 2 $0.97
Resistance Level 3 $1.96 Support Level 3 $0.77

Lido DAO Performance

The price of Lido DAO (LDO) is at $1.48, up 0.21% in the past 24-hours and has a price change of -2.61% over the week. One day trading volume for BTC is 19,519,150.00 USD while total marketcap reached $1,319,976,103.00 USD. There are almost 889,850,927 are in circulation out of 1000000000.

Lido DAO Price Analysis

LDO price analysis for 24 September 2023 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.

Moving Averages Price Indicator
Simple Moving Average (10) 1.37 Buy
Exponential Moving Average (10) 1.40 Buy
Simple Moving Average (20) 1.44 Buy
Exponential Moving Average (20) 1.45 Buy
Simple Moving Average (50) 1.70 Sell
Exponential Moving Average (50) 1.69 Sell

As per the price analysis, the LDO price may find support at these crucial levels of $1.17, $0.97, moving below these levels might bring the price to $0.77. on the other side, the resistance levels are at $1.56 and $1.76. A bullish breakout from the above levels may lead the price to the $1.96. The MACD line is standing above of the signal line after a positive crossover. Lido DAO investors need to wait for any directional change over the daily chart. While LDO’s Williams %R indicator is at -89.363 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. RSI implying consolidation phase while trading at 47 and is trying to break out of the neutrality zone.

Conclusions

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.