Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
The price of the Lido DAO token has continued to push through multiple resistance levels. As of today, this coin joins the ranks of the best-performing cryptocurrencies, registering an additional price growth of 8.83%. Although the coin now trades above key technical levels, let’s see how much further it can go from here.
Lido DAO Market Statistics
Current Price: $1.508
Market Capitalization: $1.34B
Circulating Supply: 895.88M
Total Supply: 1B
CoinMarketCap Rank: 72
Key Price Levels
Resistance: $1.550, $1.600, $1.650
Support: $1.500, $1.450, $1.400
Lido DAO’s Upside Progress is Breaking Limits
As mentioned above, the LDO token has breached the resistance formed by the uppermost band of the Bollinger Bands (BB) indicator. Nevertheless, price action remains bullish above that technical level.
However, the latest green price candle on the chart has an upper shadow, indicating that downward forces are exerting some pressure. At the same time, the Stochastic Relative Strength Index (SRSI) lines have risen deep into the overbought region. These lines now appear convergent, but a crossover has yet to occur.
LDO Investors Aren’t Ready to Take Profit Yet
Price action on the Lido DAO 4-hour chart reveals that bulls are applying increased pressure. The latest price candle is a solid green, and price action has continued hugging the uppermost limit of the BB indicator as the bands maintain a strong upward trajectory while staying well expanded.
Likewise, the SRSI lines are projected upward, heading toward the 70 mark. This suggests that momentum in this market may build further—crucial for driving price action toward and possibly through the $1.6000 level.
Make money without lifting your fingers: Start trading smarter today
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
