- In the last 30 days, the price of the Lido DAO has witnessed 17 green days.
- The LDO crypto price has underperformed in the last ten years compared to the top 100 crypto assets.
Lido DAO is a decentralized organization managing liquid staking protocols, primarily for ETH on Ethereum 2.0. It uses LDO tokens for governance, enabling community voting on protocol changes and treasury management.
Lido DAO balances decentralization with efficiency, offering liquid staking and flexible governance through its Easy Track mechanism.
![LDO](https://themarketperiodical.com/wp-content/uploads/2024/05/image-387.webp)
The Total Value Locked for the Lido DAO is worth $35.17B, and the annualized revenue is $100.53M. Moreover, the annual operational expense of Lido DAO is $16.81M.
The value of the traded volume for the crypto in the last 24 hours is $254.069M, and the crypto’s volume/market cap ratio is 11.41%. This shows a good amount of liquidity in crypto.
Lido DAO crypto has 89% of its maximum supply circulating in the market. Also, the total supply of the crypto is 1.0B LDO, followed by a fully diluted market cap of $2.483B.
LDO Crypto Technical Analysis
The LDO crypto price has followed a dynamic resistance line for a long time and recently broke above it.
![LDO](https://themarketperiodical.com/wp-content/uploads/2024/05/image-389-1024x456-1.webp)
As the breakout on the charts is fresh, there are no significant signs of price sustaining above the breakout zone. If the crypto price further forms bullish price action at the breakout levels, a confirmation of the uptrend can be witnessed.
LDO/USD Chart by TradingView
The price of the LDO crypto has broken above the crucial EMAs plotted on the crypto daily chart. Following this, the 50-day and the 200-day EMAs are still trading in a death cross.
The MACD indicator seems bullish as the MACD line crosses the zero level, and the signal line advances, followed by the golden cross on the chart.
The RSI looks bullish on the daily chart of the LDO crypto, as the RSI is trading at a level of 66 and has broken above the 14-day SMA. Moreover, the RSI value is sustaining above the 50 level.
Summary
Lido DAO’s LDO token has shown high volatility, with 17 green days in the past 30 days.
The recent breakout above dynamic resistance and positive technical indicators, including bullish MACD and RSI, suggest continued upward momentum. With strong liquidity and substantial total value locked, LDO’s price surge is likely to persist.
LDO crypto has a resistance level of $3.05 and $4.03 on the higher side, while the support levels of the crypto are $1.5 and $2.0.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.