Lido DAO Price Analysis: Will LDO Reach the $2.5 Mark Soon?

• Lido DAO (LDO) is currently trading at $1.90, with a rise of 7.12% in the 24 hours.
• The Lido price is observing an increase of 6.92% in the last 7 days.
• LDO’s live market cap is $1663676282.

Trend Evaluation

By evaluating the price data of the Lido DAO coin, it can be said that it is in a downtrend currently. The price inclined by 6.92% in the last seven days, and we can say that Lido (DAO) is underperforming right now. From its peak price of $7.30, it fell -74.12% in 2 years. The coin demolished the major investor’s wealth. The current market sentiments are not good about the coin. There is no huge volume in Lido DAO. Buyers are not available in the present market scenario and also not taking any interest in buying. The market is under the control of the Bears.

Lido Technical Analysis

The price of Lido (FIL) has slipped below 50 and 200 EMA, which suggests that the price is in a bearish trend. The coin could fall more in value in the upcoming week If the sellers continue to push the price downwards. The price is getting consolidating near 200 days EMA again which shows that bears are not in the mood to give power to bulls. A death cross has been seen between 50 Day EMA and 200 Day EMA which is a negative sign.

The technical indicator MACD is also in the negative zone. The MACD line at -0.0.8275085 and signal line at -0.07884986  is below the zero line, suggesting the MACD is in negative territory and giving bearish signals.

The current value of RSI is 48.17 points, and the 14 SMA line is currently below the median line, around 40.50  points which shows bearish sentiment in the market. The 14 Day SMA line below the median line indicates a bearish trend. Bearish sentiment spreads around the market as the price is currently at an oversold zone.

Trendline Analysis:

The price has respected its significant trendline support, and it is going toward resistance. If the price breaks the trendline then it will go up to the next resistance and if it gets rejected by the resistance then it will come back to the current support.

Volume Analysis:

The Lido (DAO) trading volume of 24 hours is $44157014, with an 87.40% increase in volume in the last 24 hours. There is no substantial significant boost in the volume of the coin.

Technical Levels

• Support – The current support level of Lido DAO is $1.595.
• Resistance –The current Resistance levels of LidoDAO are $2.573.  
  

  Conclusion

Lido DAO is facing a tough time in the market. The price action suggests that the price may fall more in the upcoming days because it broke its primary trendline support level. LDO’s price shows a pessimistic scenario at the moment. Major reliable indicators like EMA, RSI, and MACD give negative signals about the Lido DAO coin. The fear is growing among investors because of the poor performance of the coin. Recovery signs are not visible in the coin as well.

Disclaimer

The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.