Lido DAO Hovers Near the 61.80% Fibonacci Level

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The Lido DAO token’s price has increased 3.78% today, placing it second on the crypto top gainers list at the time of writing. Its price action indicates activity lingering around critical technical levels.

Lido DAO Statistics

Current Price of Lido DAO: $1.80

Market Capitalization: $1.63B

Circulating Supply: 896.04M

Total Supply: 1B

CoinMarketCap Rank: 64

Key Price Levels:

Resistance Levels: $2.00, $2.50, $3.00

Support Levels: $1.50, $1.25, $1.00

LDO Price Action Holds Firm

On the Lido DAO daily chart, price action has shown a downward retracement since testing the $2.00 resistance. However, the decline has been slowing, particularly as the market remains just below the 20-day Moving Average (MA) line.

The Stochastic Relative Strength Index (RSI) shows a crossover above the 50 mark, though the lines are moving sideways. This suggests that bearish momentum is losing strength. If price action moves above the 20-day MA line, additional upward movement may follow.

Lido DAO Market Retains a Higher Low Pattern

In the 4-hour chart, price action has consistently formed higher lows, maintaining the impression of an uptrend. The previous session saw a significant upward rebound, while the ongoing session reflects minimal downward retracement. This keeps the market above the last session’s opening price.

Additionally, the token’s current price remains above the 100-day MA line. The Stochastic RSI lines are rising from the oversold region, reflecting momentum from earlier gains. These indicators suggest that traders can stay optimistic about a return to the $2.00 level. A break above this point could see the market targeting the $2.50 resistance level.

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