Lido DAO

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The Lido DAO price failed to hold the 20-day EMA mark and slipped below the $2 mark yesterday.</a> </li> 
 <li> <span>2</span> <a>The token has made a double bottom formation on the charts.</a> </li> 
</ul>  
<p>The <strong>Lido DAO token</strong> price struggles to hold the $2 mark and has made a long-legged doji candlestick in yesterday’s trading sessions. This candlestick reversal pattern showcased the buyers’ accumulation.</p> 
<p>Moreover, the <strong>LDO token</strong> has made a double bottom formation around the $1.70 mark and has the potential for a massive rebound in the following sessions.&nbsp;</p> 
<p>Once the <strong><a href="https://www.thecoinrepublic.com/2023/01/31/lido-dao-ldo-price-prediction-will-the-ldo-token-price-bounce-back-from-the-demand-zone/" target="_blank" rel="noreferrer noopener">LDO token price</a></strong> surpasses the $2.60 mark, it could rally toward the $4 mark soon. Conversely, the correction might be seen ahead if any selloff triggers below $1.50.</p> 
<p>The ongoing price action guides positive sentiment among investors, and the token will likely extend its leg beyond the $3 mark soon.</p> 
<p>At press time, the <strong>Lido DAO price </strong>traded at $1.90 with an intraday drop of 4.78%, reflecting neutrality on the charts. It has a monthly return ratio of 12.30% and 16.20% yearly, reflecting short-term bounce.</p> 
<p>The pair of LDO/BTC is at 0.0000302 BTC, and the market cap is $121.59 Million. Analysts are neutral and suggest that the <strong>LDO price</strong> may deliver a sharp spike beyond the $2.60 mark.</p> 
<h2 class="wp-block-heading" id="strong-could-buyers-uplift-the-ldo-price-beyond-sellers-vision-strong"><strong>Could Buyers Uplift the LDO Price Beyond Sellers Vision?</strong></h2> 
<p>Recently, the <strong>LDO token price </strong>reverted from its demand zone of $1.50 and displayed bullish cues. Afterward, the buyers took control and showcased their domination. Meanwhile, buyers are struggling to overtake the $2 mark and have faced rejection this week.</p> 
<p>The price action signifies investors’ interest and buying activity, which fueled the rebound from the $1.50 mark. Last week, the token glimpsed a pullback of over 25% and guided a positive outlook.</p> 
<p>However, the token has yet to sustain itself above the 20-day EMA mark, causing a lack of bullish momentum.</p> <iframe loading="lazy" title="Santiment Chart: Price (LDO), Volume (LDO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=lido-dao&amp;pt=LDO&amp;df=2023-12-18T18%3A29%3A59.170Z&amp;dt=2024-06-18T18%3A29%3A59.170Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>Its trading volume rose over 70.59% to $253.08 Million, and it was ranked at 59 with a total supply value of 1 billion.&nbsp;</p> 
<p>The Momentum Oscillators are guiding their bullish projections. The RSI curve stays close to the midline region and displays a positive crossover. Similarly, the MACD indicator showcased a bullish crossover and plotted green bars on the histogram.</p> 
<p>A tweet by @VIKTOR on X highlighted that <strong>LDO </strong>Jeets is out after months of underperformance and looks relatively better, guiding a bullish outlook for the upcoming sessions.</p> 
<center>
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24LDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LDO</a> :<br><br>– One of strongest coins past 7 days<br>– It does have some sort of narrative<br>– Almost fully diluted<br>– Relatively small market cap<br>– Jeets out after months of underperformance (?)<br><br>I am still long <a href="https://twitter.com/search?q=%24LDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$LDO</a> <a href="https://t.co/166HZQncNe">pic.twitter.com/166HZQncNe</a></p>— VIKTOR (@thedefivillain) <a href="https://twitter.com/thedefivillain/status/1802684315936907642?ref_src=twsrc%5Etfw">June 17, 2024</a>
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center> 
<p class="has-text-align-center">Source: X</p> 
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-data-outlook-strong"><strong>Price Volatility and Weighted Sentiment Data Outlook</strong></h3> 
<p>Its weighted sentiment data highlights a slight weak confidence among the investors and&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (LDO), Weighted sentiment (Total) (LDO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=lido-dao&amp;pt=LDO&amp;df=2023-12-18T18%3A29%3A59.170Z&amp;dt=2024-06-18T18%3A29%3A59.170Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment&nbsp;</p> 
<p>The Price volatility witnessed an intense spike and surged over 32% to 0.039, reflecting the investors’ speculation.</p> 
<h3 class="wp-block-heading" id="strong-what-do-social-metrics-guides-suggest-strong"><strong>What Do Social Metrics Guides Suggest?</strong></h3> 
<p>The social dominance data revealed a severe drop and dragged to the lower trajectory mark, showing the decremental movement of the users on social media platforms.</p> 
<p>Similarly, the Twitter followers data highlights no major changes and stayed in a range close to -246.</p> <iframe loading="lazy" title="Santiment Chart: Social Dominance (LDO), Twitter Followers 7d (LDO), Development Activity (LDO)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=lido-dao&amp;pt=LDO&amp;df=2023-12-18T18%3A29%3A59.170Z&amp;dt=2024-06-18T18%3A29%3A59.170Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Btwitter_followers_7d%3Bdev_activity&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%238358FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D" scrolling="no"></iframe> 
<p class="has-text-align-center">Source: Santiment</p> 
<p>The development activity data highlights a consistent surge that fueled the price rise in the last trading sessions.</p> 
<h3 class="wp-block-heading" id="strong-futures-oi-data-reflects-short-covering-strong"><strong>Futures OI Data Reflects Short Covering&nbsp;</strong></h3> 
<p>The future OI data reveals that sellers have not looked quite confident and started covering their short positions.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdJh1nyFb6lJZiM2M11zmF-hEPxzV_04FFf5pr89r72jRuHyam3NBpTxGLas2D976gaoBz6eD_fX5ma2huXSCSUo5Es9Sdfr_NfzsEuYtEUxvkjaQAjkxz8KQb6EFvMU1ewjnoFu085NXiMO6ycVF-zL7k?key=jN6zQyxJS1cEaUMvKb1ZgA" alt="">
 </figure>
</div> 
<p class="has-text-align-center">Source: CoinGlass</p> 
<p>The open interest data highlights a drop of over 3.01% to $110.47 Million in the last 24 hours, revealing the decline.</p> 
<p>The immediate support levels for the <strong>Lido DAO token</strong> are $1.80 and $1.73, whereas the key upside hurdle is around $2.40, followed by $2.80</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The <strong>Lido token price </strong>is eyeing to surpass the 20-day EMA mark and is facing a lack of momentum in the past sessions. The trend is neutral, and the token might replicate the bounce ahead.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and provides no 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.</p>

LDO Price Hovers Near The $2 Mark: Can Bulls Resist Selloff Ahead?

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