- The Lido crypto price is trading above the 200-day EMA.
- The annual inflation rate of crypto is 1.45%, which shows the stability of crypto’s purchasing power.
Lido DAO manages liquid staking protocols for ETH 2.0, allowing users to stake ETH and receive stETH, a liquid representation tradable in DeFi.
Governed by LDO token holders, it sets protocol parameters and funds research and development. Founded by Jordan Fish and Konstantin Lomashuk, it balances decentralization with efficient governance.
The Lido DAO crypto price volatility is higher as per the analysts, resulting in 8.4%, which shows that the price might have higher fluctuations at certain times. The crypto sentiment is further bullish.
Lido DAO token was released on January 5, 2021, and since then, the token’s price hit an all-time high price of $11.0 on November 16, 2021. The Lido DAO price token further declined by 77% from its all-time high price at press time.
The crypto trading volume further advanced by 12% in the last 24 hours from the press time, resulting in a traded value of $184.615M. Following this, the crypto market cap further advanced by 4%.
Lido DAO token is the 42nd largest crypto in the global cryptocurrency market. Moreover, the market cap value of the crypto is $2.145B, which further results in a volume/market cap ratio of 8.86%. This shows that crypto has excellent liquidity, making buying and selling it easier.
Blockchain Data Overview for Lido DAO Token
The Total Value Locked for the Lido DAO token has been increasing over the last few days. It shows that the amount of capital locked in the protocol has increased over the last few days.
The crypto Total Value Locked is $32.787B at press time, while the USD inflows have been static over the last few days. The fully diluted crypto market cap has been static over the last few months.
The following data shows that the crypto supply is stable and has a total of 720.25K token holders.
Also, large holders and whales concentrate 86% of the crypto supply. The number of addresses holding the crypto has been consistently rising over the last 30 days. This shows a rise in crypto trading interest.
LDO Crypto Technical Analysis
The LDO crypto price has recently broken above crucial resistance levels, sustaining this position. Strong bullish candles are evident on the charts, indicating the potential for a further surge in the crypto trading price.
Previously, the Lido crypto price followed a lower low swing structure, forming a descending triangle pattern on the charts. However, recent market activity has seen the bulls dominate, resulting in a strong breakout, the formation of bullish candles, and a significant surge in trading volume.
The price is accumulating at higher levels, suggesting another breakout may be imminent. The overall price structure remains bullish, indicating continued upward momentum shortly.
LDO/USD Chart by TradingView
The EMAs present a contradictory signal to the overall LDO token price structure, with the 50-day and 200-day EMAs trading in a death cross.
Despite this bearish indication, the crypto price has closed above the 200-day EMA on the daily chart. If the upward momentum continues, this could potentially lead to a golden cross of the EMAs on the daily chart, signaling a longer–term bullish trend.
Additionally, the MACD indicator supports a bullish outlook. The MACD metrics have crossed above the zero level, closing in a bullish trajectory, which suggests continued upward momentum.
The RSI also reinforces the bullish sentiment. It has crossed above the 14-day Simple Moving Average and the 50-level, indicating strengthening bullish momentum that could push the price to higher levels.
Can Lido DAO Maintain Its High Path?
The LDO crypto price is trading above the 200-day EMA, supported by strong bullish candles and increased trading volume.
Despite a current death cross, the potential for a golden cross indicates a bullish trend. Indicators like MACD and RSI suggest continued upward momentum, supported by strong market interest and liquidity.
The LDO crypto support levels are $1.50 and $2.0, respectively, followed by resistance levels of $3.0 and $4.0.
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.
