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- Lido DAO from the past few days is in uptrend.
The token has shown a great bull move after hitting its support level. The token has recently gone into a consolidation zone and a strong bull move is expected again after this consolidated zone breakout.
Lido Dao on the daily chart
The horizontal line on the chart shows that it was a strong resistance level for the token and it can be clearly seen that the price has respected the horizontal line and has shown pullback multiple times from the horizontal line/resistance.
Although the token crossed the horizontal line but still a bull move was not seen, rather than this the token went into a consolidation zone. This can be seen as a good opportunity because after this zone breakout price can go upto its next near resistance i.e. $2.91908706. If the token crosses this resistance also then the token can go forward to make its new all-time high.
Relative Strength Indicator (RSI) – The RSI curve is above its 50-point mark at 63.41, according to the relative strength indicator. This is good news for the token because it suggests more price growth for the token.
Analyst views and expectations
We may witness a bull move after a consolidation breakout and at that time short-term investors can look forward to investing whereas long-term investors should wait until the token crosses its major resistance. They should look forward to buying the token when the price of the token comes near to its 50 EMA (the blue line).
According to TechNewLeader, LDO might cost $32.52 in five years. The optimistic maximum figure for their Lido DAO price projection for 2030 was $69.29.
In March 2023, CaptainAltCoin predicted that the Lido DAO price would fall to $0.84. However, it is anticipated to gain momentum in the future and reach $7.99 by 2030.
The average price of Lido DAO was predicted by DigitalCoinPrice to be $4.82 in 2025. According to the website, Lido DAO is anticipated to reach $13.89 in 2030 and $19.79 the following year.
The Lido DAO cryptocurrency price forecast by AMBCrypto indicated that the LDO token might increase to $10.01 in 2025. The coin is expected to surpass $31.78 by the year 2030.
Technical Levels
Major resistance -$3.09761345
Major support -$0.89440648
Conclusion
The token at present does not look appealing for investing but after some time maybe after the consolidation breakout it can be a good option.
Disclaimer: The opinions represented in this work along with any other opinions are presented primarily for informative purposes and are not intended to be taken as investment advice.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
