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- 1 The price of the coin dropped from the level that prevents it from going higher in the past few days, which is the foundation of the Lido Dao price prediction.
- 2 As per Lido Dao price (BITSTAMP: LDO), the coin price increased by 0.11% over the last 24 hours.
- 3 The price of the Lido Dao coin is trading at $1.8668 and the 52-week price bound range is $0.21245 – $2.60290.
Lido DAO is a platform that allows users to stake their tokens on different blockchains, such as Ethereum and Solana, and get liquid tokens in return. LDO coin is the platform’s native token, which gives holders the right to vote on Lido’s key features, such as upgrades and fees.
Lido DAO (LDO) has a fully diluted valuation of $1,861,314,507, according to the crypto data and information website Coingecko. This is a hypothetical market cap, assuming all 1 Billion LDO tokens are circulating today. However, the actual FDV may take years to reach, depending on how the LDO tokens are distributed over time.
As per Coinmarketcap, Lido Dao crypto surged by 0.62% in market value and plummeted by 0.10% in trading volume in the last 24 hours. Its market value is $1,639,695,205 and its trading volume is $55,979,069. There are 878,810,687 LDO in circulation.
Lido Dao Coin’s (LDO) open interest is $55.03 Million. As per Coinglass, another crypto analysis website, it fell by 0.92% in the previous session. The long versus short ratio for 24 hours is 0.9658. The total number of short positions added in the last 24 hours is $6.29K against longs of $61.04K.
Moreover, the Lido Dao Coin has shown poor performance this month, as it is down by 13.42% and by 27.93% in the past six months.
LDO Price Technical Analysis in 1-D Timeframe
The price of the LDO coin has been falling for the last three months, losing 3.74% of its value. At the moment, LDO price is $1.8668 and making lower highs and lower lows.
This means that the LDO coin price might keep going down and reach the first and second targets of $1.80 and $1.58 if it does not hold the current level. However, if the LDO price stays at the current level and goes up, then it could hit the closest resistance levels of $2.25 and $2.50.
The LDO coin price (BITSTAMP: LDO) is below the 20 and 50-day EMAs (exponential moving averages) at the time of publishing, which is pushing the LDO Coin price down. Therefore, the Lido Dao price prediction expects the prices to go down giving negative views over the daily time frame chart
The MACD line at 0.045355 and the signal line at 0.029650 is below the zero line and gave a bearish crossover, suggesting bearish signals. The current value of RSI is 43.21 points and the 14 SMA is below the median line at 45.05 points which indicates a downward direction and bearish sentiment in the market of LDO Coin.
Conclusion
The LDO Price prediction shows the feelings and opinions of investors and traders about the Lido Dao coin price being low in the 1-D time frame. The LDO Price movement shows a negative view at the time of writing. Also, the technical factors of the Lido Dao price suggest the downtrend will continue over the daily time frame chart. Major reliable indicators MACD, RSI, and EMA, give negative signals about the Lido Dao coin price.
Technical Levels:
- Support Levels: The nearest support levels are $1.80 and $1.58.
- Resistance levels: The nearest resistance levels are $2.25 and $2.50.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
