- The Lido DAO token is currently trading at a level of $1.50900. Its value has advanced by 4.43% in the last 24 hours.
- Whales are acquiring the LDO coin, as noticed on a recent event.
The crypto is mostly tarded on the USDT pair and the LDO coin’s 25.56% volume is trading on the HoubiPro exchange. The crypto was built on the Ethereum platform and follows ERC 20 token standards. It was launched on 17th December 2020.
The market cap rank of the crypto as per Coingecko is #35 and it has a market cap of $1.33 Billion. Its trading volume is $41.61 Million. It has advanced by 45.20% in the last 24 hours.
The LDO token has a volume/market cap ratio of 3.08% and the crypto has a TVL of $13.56 Billion. Its circulating supply is 888.43 Million LDO and the total supply is 1.0 Billion LDO. The all-time high price for the crypto is $11.00 and it is currently trading with a decline of 86.3% from the all-time high level.
Lido DAO Price Technical Analysis
The price of the crypto was trading inside a range few days ago and has now broken below the same. The prior trend was also bearish and the momentum is continuing after the consolidation. The price of the crypto is making lower low structure with a bearish price structure. There is no sign of change in the trend.
Due to consistent decline in price from the major higher levels, the 50-day and the 200-day EMAs have formed a death cross. It means bearish crossover and this indicates the market to be in downtrend following up the decline in price.
The RSI of the LDO Coin crypto has touched the levels of the oversold zone. It is currently trading below the 50-level. That’s a sign of the bearishness of the price in the market.
Lido DAO Volume Analysis
There is no distinct change in the volume of the crypto as its price has been slowly sliding to lower levels without any fast move in price.
Conclusion
Lido DAO is trading in a negative market structure. Charts indicate bearishness following the negative EMA and the RSI. The overview summary tool of the indicators and oscillators are also giving a sell signal.
Therefore, cryptocurrency’s price is expected to decline further to the lower levels in the upcoming days.
Technical Levels
- Support Level: $0.9429 and $1.5843
- Resistance Level: $2.4396 and $3.0157
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.