The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us
The Market Periodical
Home Cryptocurrency

LDO Price Analysis: Will LDO be able to hold gains above $2.000?

Nancy J. Allen by Nancy J. Allen
May 25, 2023
in Cryptocurrency, Market
0
LDO Price Analysis: Will LDO be able to hold gains above $2.000?
192
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
  • LDO token showed a bounce from the demand zone.
  • Bulls going in the right path of uptrend.

LDO token headed towards the path of gains and recovered the price from the demand zone in the past trading sessions.

Lido dao token shows strong muscles, showcased by bulls beating down the bears. The token is ready to lift the price above the resistance mark of $2.40. Above that sharp rise can be seen in token price. Moreover, LDO showed an increase in momentum that led sellers in the conservative state to maintain their positions.

Related articles

Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

October 2, 2023
How Is Cryptocurrency Revolutionizing The Gambling Industry?

How Is Cryptocurrency Revolutionizing The Gambling Industry?

October 2, 2023

Moreover, the price action showed that the correction in the token was ended, and there was a fresh reversal plotted on the charts and a new beginning of an era driven by bulls in the last trading sessions.

When writing, the LDO token is trading at $2.05 with an intraday gain of 3.20% showing buyers putting interest and trying to surge the token above 20-day EMA. Moreover, the trading volume also surged by 4.50%, showing interest is rising among investors.

Will bulls continue to lead further?

LDO Price Analysis: Will LDO be able to hold gains above $2.000?
Source: Trading View

On the daily charts, the LDO token attained momentum and rose from the ashes gaining from the demand zone of $1.70. Buying is witnessed on the token, and sellers were trapped in the last couple of trading sessions.

Moreover, LDO jumps above the mid-Bollinger band, which shows that the momentum is now exceeded, and buyers are trying to leave the congestion zone sooner to claim the uptrend. 

As per the Fib levels, LDO is reverted from the 38.2% level and formed a higher low in the last session, now bringing the pace while taking a pause on the charts.

What does LDO suggest in the short term?

LDO Price Analysis: Will LDO be able to hold gains above $2.000?
Source: Trading View

On the 4-hour charts, the LDO token pauses the round mark of $2.00 and shows the intention to have safer hands above the 200 days EMA to achieve further momentum. 

LDO token price is near the trendline, which buyers are trying to crack and make an upward move. Moreover, the token started to form higher highs and lows, showing buyers took charge and gained traction.

The RSI is near 50 and shows neutral perspectives rather than hawkish moves. While it bounced from the oversold region in the past sessions, it recovered on the charts.

The MACD indicator also began to plot green bars on the histogram showing the rising momentum of bulls and long positions buildup from the buyers.

Moreover, the bullish crossover was also noted in the MACD indicator.

Conclusion:

LDO token noted a recovery from the bottom while forming a base near $1.70. The token is ready to bounce further, and prepared to register a breakout in the upcoming sessions.

Technical Levels:

Support Levels: $2.00

Resistance Level: $2.80 and $3.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Tags: CryptocurrencyLDOLDO PriceLDO Price Analysis
Share77Tweet48
Nancy J. Allen

Nancy J. Allen

Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.

Related Posts

Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

by Ritika Sharma
October 2, 2023
0

Solana is a fast, scalable, and secure blockchain that is attracting attention from investors and developers.Solana's total value locked (TVL)...

How Is Cryptocurrency Revolutionizing The Gambling Industry?

How Is Cryptocurrency Revolutionizing The Gambling Industry?

by Nancy J. Allen
October 2, 2023
0

The advent of cryptocurrency has brought significant changes to the gambling industry. It has created a new sector combining financial innovation...

Fintech In The Front, DeFi In The Back-Igniting A Crypto Revolution

Fintech In The Front, DeFi In The Back-Igniting A Crypto Revolution

by Nancy J. Allen
October 2, 2023
0

The mainstream audience might notice the realization of crypto's potential. This narrative lost its prominence during a prolonged crypto winter and...

Data Security in Blockchain With Cryptography 

Data Security in Blockchain With Cryptography 

by Ritika Sharma
October 2, 2023
0

Blockchain is secure, but extra security, like cryptography, is needed for blockchain data. The global blockchain security market will reach $25.7...

Union Pacific Corp. (NYSE: UNP): UNP Stock Price Analysis

Union Pacific Corp. (NYSE: UNP): UNP Stock Price Analysis 

by Nancy J. Allen
October 2, 2023
0

The UNP stock price has been forming swing lows and lower highs since July 26, 2023, from the $240.48 level.The...

Load More
  • Trending
  • Comments
  • Latest

Kadena price analysis: KDA coin is following the upwards trendline after forming the bullish pattern

February 9, 2022
AMP Price Analysis: AMP Coin Trading in Horizontal Range-Bound consolidates, Will it be able to retain up to $0.088?

Will Amp Token’s Escalating Demand Drive Its Price To $1?

February 21, 2022
cryptocurrency

AQUA Airdrop is set to Roll out!

January 7, 2022
MIOTA Price Analysis: IOTA Token Price Struggles To Sustains Higher Than $1 Mark

Firefly Wallet Powered by IOTA, Starts Staking on Shimmer and Assembly Tokens

December 23, 2021
Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

Top 3 Solana Projects to Keep an Eye on to Stay Ahead of Investors

October 2, 2023
5 Applications of AI and Machine Learning For DataOps

5 Applications of AI and Machine Learning For DataOps

October 2, 2023
How Is Cryptocurrency Revolutionizing The Gambling Industry?

How Is Cryptocurrency Revolutionizing The Gambling Industry?

October 2, 2023
Fintech In The Front, DeFi In The Back-Igniting A Crypto Revolution

Fintech In The Front, DeFi In The Back-Igniting A Crypto Revolution

October 2, 2023
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?