Sunday, September 24, 2023
No menu items!
HomeCryptoLDO’s Price Flips Resistance Comfortably During Recent Rally

LDO’s Price Flips Resistance Comfortably During Recent Rally

    • LDO’s worth has been in a powerful 4-day rally.
    • The buying and selling quantity for LDO has surged greater than 400% over the previous 24 hours.
    • Should the worth of LDO stay above the 9 EMA stage, it’ll climb to new heights on this rally.

The worth of Lido DAO (LDO) has surged by double digits over the past 24 hours. Its holders may marvel now if the token’s spectacular worth efficiency will proceed.

At the time of writing, the worth of LDO stands at $1.06, which is a 19.04% enhance over the previous day. LDO’s worth will not be solely within the inexperienced on the every day timeframe because the coin’s worth can be up greater than 60% over the past week, in keeping with CoinMarketCap.

LDO’s worth has additionally strengthened in opposition to the 2 largest cryptos by market cap — Ethereum (ETH) and Bitcoin (BTC). At the time of writing, LDO’s worth is nineteen.10% and 18.79% up in opposition to BTC and ETH, respectively. As a end result, 1 LDO is price 0.00005131 BTC or 0.0008789 ETH.

LDO’s current worth efficiency resulted in its complete market cap hitting roughly $1,055,753,027. This ranks LDO within the high 100 cryptos by way of market cap.

Lastly, LDO’s buying and selling quantity has soared to above 400% over the previous 24 hours to take the every day buying and selling quantity to $138,315,503.

Daily chart for LDO/USDT (Source: CoinMarketCap)
Daily chart for LDO/USDT (Source: CoinMarketCap)

LDO’s worth has flipped the $0.763 resistance stage comparatively comfortably over the previous 4 days. This occurred after the 9 Exponential Moving Average (EMA) line crossed above the 20 EMA line. The transfer has now encountered resistance at $1.183 to push the worth right down to its present stage.

The resistance has seen the Relative Strength Index (RSI) on LDO’s every day chart slope negatively in direction of the RSI SMA line. This might be a bearish flag to be careful for over the approaching days, which means that LDO’s worth will fall within the coming days.

A affirmation that LDO’s worth will fall is that if it breaks under the 9 EMA line. An earlier indication could be the RSI closing the hole between itself and the RSI SMA line. Should the worth of LDO drop right down to the 9 EMA stage and the 9 EMA stage maintain as help, it might be the retracement that LDO’s worth wants earlier than it breaks above the present resistance stage.

Disclaimer: The views and opinions expressed on this article are solely the creator’s and don’t essentially mirror the views of koinaly. No info on this article ought to be interpreted as funding recommendation. koinaly encourages all customers to do their very own analysis earlier than investing in cryptocurrencies.



Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments