- Lido Dao is one of the biggest staker of Ethereum and has seen a surge of popularity.
- Technical Indicators of LDO are not supporting the upside momentum. LDO/BTC pair has seen a fall of more than 0.53%
Lido is a liquid staking solution for Ethereum. It lets their users to deposit their ETH with no minimum deposits and no infrastructure needs. It lets their users to participate in On chain activities like Lending, Borrowing and many more.Lido Dao has over 29% of the total Ethereum staked and is ahead of Coinbase and Binance in terms of staking. It holds more than 88.6% share in the Liquid staking in Beacon chain. The volume of LDO has seen a decline from the past few weeks. The biggest volume maker for LDO crypto in DEX is Uniswap The total holders of Lido has seen a steady rise and is currently near 52261.
LDO is currently ranked 83rd in the cryptoverse and has a market cap of $24168480. Volume of the asset price has seen a surge of over 50% in the intraday session. Volume to market cap ratio of the LDO coin price suggests a consolidated trend.
LDO Fails To Sustain Over $1.1
Lido Dao coin price has been in a strong consolidation for the past few weeks. The asset price has been sustaining over $1 from the past few days. The weekly technical chart of the LDO suggests a consolidated trend in price. On coming to the daily chart the asset price is currently trading near $1.056 with a loss of over 4% in the intraday session. The upside trend of LDO crypto price can see a halt near the value of $1.25. Meanwhile a downside can see a bounceback near $0.8. The asset price is currently trading above 50 and 100 Daily Moving Average. There can be a negative crossover in the future which can push the price to a new low.
Conclusion
LDO has been one of the biggest stakers of Ethereum. Its popularity has seen a strong surge in the past few months. LDO crypto price is currently in a consolidated range and can soon see a new high in the future.
Technical Levels
Major Support:$0.8
Major Resistance: $1.5
Source: https://www.thecoinrepublic.com/2022/12/16/lido-dao-price-prediction-is-the-popularity-of-ldo-crypto-not-helping-to-gain-momentum/