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<p>The post <a href="https://coinpedia.org/price-analysis/lido-dao-surges-post-sec-proclamation-ldo-price-to-surge-30-this-june/">Lido Dao Surges Post SEC Proclamation! LDO Price To Surge 30% This June?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>After displaying a bearish price action for the first two days of the week, the cryptocurrency market has recorded a strong bullish reversal in its chart following the conclusion of the ongoing Ethereum case against the Securities and Exchange Commission (SEC).</p> 
<p>Following this, top Ethereum-based tokens have recorded a similar trend in their respective portfolios. However, <a href="https://coinpedia.org/price-prediction/lido-dao-ldo-price-prediction/" target="_blank" rel="noreferrer noopener">Lido Dao price</a> has recorded the highest gains by adding over 20% to its portfolio within the past 24 hours, making it the top gainer of the day in the list of top 100 cryptocurrencies.</p> 
<h2 class="wp-block-heading" id="h-ldo-coin-price-on-the-path-of-testing-its-important-resistance-level">LDO Coin Price On The Path Of Testing Its Important Resistance Level?</h2> 
<p>The Lido Dao crypto has displayed significant price volatility for about a month, following which the altcoin has successfully tested its important support level of $1.840. This has resulted in a strong bullish bounce back in its chart.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfUrCmjmfdEW_qU8KhchcP4vT8QK7zd9bdhvWnWcorIwfDN07dB-6pD_g1GXvJZYdU2JdFami_KTlwMA5G7nVIHetjT6VIpU2SgFBTNoJZztDFTkoXBCgnjU4guX7GTNK7TaXKc4HgKJ76Im9H-gmRQsbir?key=Q-aUGzI7mp-0CmWVgGOivQ" alt="Lido Dao Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: LDO/USDT
 </figcaption>
</figure> 
<p>Notably, the <a href="https://markets.coinpedia.org/lido-dao/" target="_blank" rel="noreferrer noopener">LDO price</a> has added 20.26% within the past day with a change of +35.65% in its trading volume.</p> 
<p>With a trading price of $2.362, a circulating supply of 893,006,561 LDO tokens, and a total supply of 1,000,000,000 LDO tokens, the altcoin has successfully secured the 43rd spot in the global crypto market list with a capitalization of $2.107 Billion.</p> 
<h2 class="wp-block-heading" id="h-lido-dao-market-sentiments">Lido Dao Market Sentiments:</h2> 
<p>The Simple Moving Average (SMA) constantly supports the LDO price chart in the 1D time frame, suggesting increased price action for the altcoin within the crypto space.</p> 
<p>On the other hand, the technical indicator, MACD, displays a rising green histogram with its averages recording a bullish convergence. This highlights an increase in the buying-over-selling pressure for the Lido Dao token in the market.</p> 
<h2 class="wp-block-heading" id="h-will-ldo-price-go-back-up">Will LDO Price Go Back Up?</h2> 
<p>If the market continues to trade under a bullish sentiment, the LDO crypto will test its crucial resistance level of $2.625. Furthermore, if the bulls continue to dominate the market, the Lido Dao token will prepare to test its upper resistance level of $3.060 this month.</p> 
<p>Conversely, if a bearish trend reversal occurs, the LDO coin will lose momentum and test its important support level of $1.840. Moreover, if the bulls fail to regain power at that level, the Lido token will head toward its crucial support level of $1.50 in the coming time.</p> 
<p>Also Read : <a href="https://coinpedia.org/price-analysis/sec-suspends-its-investigation-into-ethereum-2-0-will-this-be-the-catalyst-to-propell-eth-price-to-4000/">SEC Suspends its Investigation into Ethereum 2.0: Will This Be the Catalyst to Propell ETH Price to $4000?</a></p>

Lido Dao Surges Post SEC Proclamation! LDO Price To Surge 30% This June?

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