Plunge

Convergence

Verge

Chainlink

Divergence

The post <a href="https://coinpedia.org/price-analysis/chainlink-link-and-lido-dao-ldo-hint-a-10-plunge-this-week/">Chainlink (LINK) And Lido Dao (LDO) Hint A 10% Plunge This Week?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the ongoing market turmoil, the cryptocurrency market has recorded a correction of 4.39% in valuation within the past day. Top tokens have plunged below their crucial/important support levels, indicating a rising bearish sentiment in the crypto space. 
Moreover, top altcoins have displayed a similar price trend by experiencing a significant correction in their respective portfolios. Further, top Ethereum-based tokens such as Chainlink and Lido Dao have each recorded a correction of over 5% in their valuations. 
Planning on investing in these altcoins but concerned about the ongoing cross-border market correction? Dive in as, in this article, we have covered the market sentiments and price analysis of Chainlink (LINK) and Lido Dao (LDO) tokens. 
<h2 class="wp-block-heading" id="h-chainlink-price-breaks-down-its-crucial-support-level">Chainlink Price Breaks Down Its Crucial Support Level:</h2> 
The <a href="https://coinpedia.org/price-prediction/chainlink-price-prediction/" target="_blank" rel="noreferrer noopener">LINK price</a>, with a correction of 8.95% within the past day has plunged below its crucial support level, indicating increased bearish sentiment for the altcoin in the crypto market. Moreover, it has dropped 7.12% within the past seven days and 26.63% over the past 30 days. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdjkDdDYPS3Ga-bOC5Wy-mDadAdSfYxm-E7IpvgnyNIqlyFL76Y3uN_AaVY48rasomGYDta17qqWF4aSMmmLbl5WWoTtXcylNnBUzyOIYQMfhTYvYa72fapCNX_fkCJGzqbDAOi21iJObxymN83E5Ze1YdM?key=nnANts4vXkok-EUC6LnFKA" alt="Chainlink Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LINK/USDT
 </figcaption>
</figure> 
The technical indicator, MACD, displays a constant decline in the green histogram, indicating increased bearish sentiment in the market. Further, the averages show a high possibility of a negative crossover, suggesting the <a href="https://markets.coinpedia.org/chainlink/" target="_blank" rel="noreferrer noopener">Chainlink price</a> will continue losing momentum this week. 
On the other hand, the Cross EMA 50/200-day has recorded a Death Cross in the 1D time frame, highlighting a negative outlook for the altcoin in the coming time. 
If the market holds the Chainlink price above the support level of $13.275, the bulls will regain momentum and prepare to test its upper resistance level of $15.050. Conversely, if the bears overpowered the bulls, the LINK crypto price would plunge toward its low of $11.775. 
<h2 class="wp-block-heading" id="h-ldo-price-on-the-verge-of-a-major-breakdown">LDO Price On The Verge Of A Major Breakdown:</h2> 
The <a href="https://coinpedia.org/price-prediction/lido-dao-ldo-price-prediction/" target="_blank" rel="noreferrer noopener">Lido Dao price</a> has recorded a correction of 3.56% within the past day and 28.04% over the past week. Further, this altcoin has plunged 25.83% within the past 30 days and has a Year-to-Date (YTD) return of 35.79%. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfdoRp2hxo6AOzlvWd5ekIGOxtubvF-9xfYP692tk0-MF2t3UePNJqu9f5GBEGlIXN4MOJOUgi08CftaN-kE_xBLBuVUq6WeYON4isBjuBWB7wZ-Wf0SBPiEhEKxXPePfdRuAc9YW-Lwnt7tPhG-nFI_XJY?key=nnANts4vXkok-EUC6LnFKA" alt="Lido Dao Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LDO/USDT
 </figcaption>
</figure> 
The Moving Average Convergence Divergence (MACD) displays a significant rise in the red histogram, highlighting an increase in the negative price action for the Lido Dao price in the market. Further, the averages record a similar trend, suggesting increased bear power in the market. 
Furthermore, the SMA indicator constantly acts as a resistance to the <a href="https://markets.coinpedia.org/lido-dao/" target="_blank" rel="noreferrer noopener">LDO crypto price</a> chart, suggesting a weak bullish sentiment in the crypto space. 
If the bears continue to dominate the market, the Lido price will prepare to test its crucial support level of $1.50 this month. However, if the bulls regain momentum, the LDO token will head toward its upper resistance level of $2.235.

Chainlink (LINK) And Lido Dao (LDO) Hint A 10% Plunge This Week?

Table of Contents

CoinPedia News

Other articles published on Jul 4, 2024

Crypto Mogul Justin Sun Offers To Buy Germany’s $2 Billion Bitcoin Stash

Insider trading allegations hit Khamzat Chimaev’s Smash token

Solana Memecoin Playboy Biden Skyrockets 820% and Will Surge Another 11,000%, As It Aims to Chall...

SlowMist: 2024 Q2 MistTrack Stolen Funds Analysis

Ripple Fights Back: Rejects SEC's Reduced Penalty, Challenges Crypto Regulation

Why Mpeppe (MPEPE) Is the Preferred Choice for Cardano (ADA) Investors Seeking Huge Returns

Join our free newsletter for daily crypto updates!