Lido DAO (LDO) Price Prediction 2023 — Will LDO Hit $5 Soon?

• Bullish LDO price prediction for 2023 is $3.115 to $5.069.
• Lido DAO (LDO) price might reach $5 soon.
• Bearish LDO price prediction for 2023 is $1.247.

In this Lido DAO (LDO) price prediction 2023, we will analyze the price patterns of LDO by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. 

Lido DAO (LDO) Current Market Status

What is Lido DAO (LDO)?

Lido is a proof-of-stake (POS) blockchain liquid staking solution that brings together node operator partners who run the core validator infrastructure on the Ethereum, Solana, and Terra blockchains.

Lido DAO (LDO) Price Prediction 2023

Lido DAO (LDO) ranks 32nd on CoinMarketCap in terms of its market capitalization. The overview of the Lido DAO price prediction for 2023 is explained below with a daily time frame.

In the above chart, Lido DAO (LDO) laid out a Descending  channel pattern. Descending also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.

At the time of analysis, the price of Lido DAO (LDO) was recorded at $2.08. If the pattern trend continues, then the price of LDO might reach the resistance levels of $2.640 and $3.356. If the trend reverses, then the price of LDO may fall to the support of $1.606.

Lido DAO (LDO) Resistance and Support Levels

The chart given below elucidates the possible resistance and support levels of Lido DAO (LDO) in 2023.

From the above chart, we can analyze and identify the following as the resistance and support levels of Lido DAO (LDO) for 2023.

As per the above analysis, if Lido DAO’s (LDO) bulls take the lead, then it might hit and break through its resistance level of $5.069.

Conversely, if Lido DAO’s (LDO) bears dominate the trend, the price of LDO might plunge to  $1.247.

Lido DAO (LDO) Price Prediction 2023 — RVOL, MA, and RSI

The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Lido DAO (LDO) are shown in the chart below.

The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes.  It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. 

At the time of analysis, the RVOL of Lido DAO (LDO) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.

The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days.  When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).

Notably, in the above chart, the LDO price lies above 50 MA (short-term), indicating its upward. Hence, LDO is in a bullish state. Although this is the current state, a trend reversal might occur.

Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. 

Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.

At the time of analysis, the RSI of LDO is at 55.69. Therefore, this indicates LDO is neither overbought nor oversold.

Lido DAO (LDO) Price Prediction 2023 — ADX, RVI

In the below chart, we analyze the strength and volatility of Lido DAO (LDO) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).

To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.

According to the data on the above chart, the ADX of LDO lies in the range of 11.768 pointing out a weak trend. 

The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of LDO lies below 50, indicating low volatility.

Comparison of LDO with BTC, ETH

Let us now compare the price movements of Lido DAO (LDO) with that of Bitcoin (BTC), and Ethereum (ETH).

From the above chart, we can interpret that the price action of LDO is similar to that of BTC and ETH. That is, when the price of  BTC and ETH increases or decreases, the price of LDO also increases or decreases respectively.

Lido DAO (LDO) Price Prediction 2024-2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Lido DAO (LDO) between 2024 and 2030.

Lido DAO (LDO) Price Prediction 2024

If bulls dominate the price momentum and trend patterns, then Lido DAO (LDO) might successfully test and surpass its resistance levels to hit $6 by 2024.

Lido DAO (LDO) Price Prediction 2025

The significant upgrades in the Lido DAO ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Lido DAO (LDO) price to reach $7 by 2025.

Lido DAO (LDO) Price Prediction 2026

If Lido DAO (LDO) successfully tests its major resistance levels and continues to move upwards, then it would rally to hit $8.

Lido DAO (LDO) Price Prediction 2027

If Lido DAO (LDO) sustains major resistance levels and stands as a better investment option in the market, then LDO would rally to hit $9. 

Lido DAO (LDO) Price Prediction 2028

If Lido DAO (LDO) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then LDO would hit $10 by 2028.

Lido DAO (LDO) Price Prediction 2029

If investors flock in and continue to place their bets on Lido DAO (LDO), then the crypto would witness major spikes. Hence, LDO might hit $11 by 2029.

Lido DAO (LDO) Price Prediction 2030

By 2030, the LDO price might rally to $12  if the trend momentum aligns in favor of Lido DAO. Furthermore, LDO would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.

Conclusion

If Lido DAO (LDO) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Lido DAO (LDO) price prediction for 2023 is $5.069. Comparatively, the bearish Lido DAO (LDO) price prediction for 2023 is $1.247.  

If there is a positive elevation in the market momentum and investors’ sentiment, then Lido DAO (LDO) might hit $5. Furthermore, with future upgrades and advancements in the Lido DAO ecosystem, LDO might surpass its current all-time high (ATH) of $11 and mark its new ATH. 

FAQ

1. What is Lido DAO (LDO)?

Lido is a POS blockchain liquid staking solution that brings together node operator partners who run the core validator infrastructure on the Ethereum, Solana, and Terra blockchains.

2. Where can you buy Lido DAO (LDO)?

Traders can trade Lido DAO (LDO) on the following cryptocurrency exchanges such as Binance, BTCEX, OKX, Deepcoin, and Bitrue.

3. Will Lido DAO (LDO) record a new ATH soon?

With the ongoing developments and upgrades within the Lido DAO platform, Lido DAO (LDO) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Lido DAO (LDO)?

Lido DAO (LDO) hit its current all-time high (ATH) of $11 on November 16, 2021.

5. What is the lowest price of Lido DAO (LDO)?

According to CoinMarketCap, LDO hit its all-time low (ATL) of $0.406 On June 19, 2022.

6. Will Lido DAO (LDO) hit $5?

If Lido DAO (LDO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.

7. What will be the Lido DAO (LDO) price by 2024?

Lido DAO (LDO) price might reach $6 by 2024.

8. What will be the Lido DAO (LDO) price by 2025?

Lido DAO (LDO) price might reach $7 by 2025.

9. What will be the Lido DAO (LDO) price by 2026?

Lido DAO (LDO) price might reach $8 by 2026.

10. What will be the Lido DAO (LDO) price by 2027?

Lido DAO (LDO) price might reach $9 by 2027.

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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.