As mentioned yesterday, the Lido Dao token might increase by 14.62% over the next few days. Today, the Lido DAO Token price has risen as expected, in line with that prediction. At the time of this writing, the price is $2.64, up from $2.46 yesterday, with a 24-hour trading volume of $484.22M, an 825.92M market capitalization, and a 0.088% market dominance.
Within the last month, the Lido DAO Token price has increased by 174.25%. Compared with Ethereum, the LDO saw a gain of 105.86% in the last month, while its value against Bitcoin increased to 101.41%. If the coin continues on this path, we will probably see a 14.62% increase.
We designed the price prediction below to assist you in making a wise investment decision in Lido. Here is more.
LDO’s Price Increased by 5.82% Within the Last 24 hours
LDO’s price today is $2.60. Trading volume for the last 24 hours was $270,642,099. Meanwhile, 104,239,390 LDOs were exchanged as Lido is traded on 27 exchanges. Lido DAO has an 824-million-coin circulating supply and is ranked #34, with a $1.4 billion market cap.
At this moment, Lido DAO stock is up 2.90% from the open price of 2.52. It is trying to move up after dropping to $2.48. Since last month, its price has increased by over 176.66%. Over the past 30 and 7 days, its price has increased by 2% and by 193% and 39%, respectively.
If LDO doesn’t close below 2.48, it should move on to the first significant resistance level at $2.78. A second extended rally would lead to the next major resistance level at $3.11 and the third at $3.41.
The first major support level sits at $2.48 if the price falls. It is possible the second major support at $2.23 can be tested if the sell-off continues sub $2.48 throughout the day. On the daily chart, the EMAs are showing a bullish signal. Currently, Lido DAO sits above all 10, 20, 50, 100, and 200-day exponential moving averages.
Lido DAO Token Price Technical Analysis
There is a bullish sentiment among technical indicators, while the Fear & Greed Index shows a neutral value of 52. Based on our Lido DAO Token forecast, now is the time to buy.
The general Lido DAO Token price forecast sentiment for January 24, 2023, appears bullish, with 26 technical analysis indicators showing bullish and 2 showing bearish signals.
By February 23, 2023, Lido DAO Token’s 200-day SMA will reach $2.07 indicators. The 50-Day SMA of Lido DAO Token is estimated to reach $3.69 by February 23, 2023, based on our technical.
Most technical indicators show a buy.
Key price levels for Lido DAO Tokens
According to today’s classical pivot point (P1) of $2.46, Lido DAO Token has support levels of $2.27 and $2.01 and the strongest support at $1.817121. There are also three resistance levels for Lido DAO Token at $2.72, $2.91, and $3.17.
Lido DAO Token: Is it Profitable to Invest?
During the last 30 days, Lido DAO Token had 16/30 green days (53%). Based on our historical data, Lido DAO Tokens are currently profitable. The current Lido DAO Token price prediction is bullish based on the abovementioned factors.
For LDO to reach our $2.66 target within five days, it would need to rise by 14.62 percent, as suggested yesterday.
As we move forward, it will be essential to monitor the sentiment of the LDO market, as well as key support and resistance levels. However, remember that cryptocurrency markets can be unpredictable, and even the most significant crypto assets can fluctuate dramatically.
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