- 1
Lido DAO Token (LDO) price surged nearly 3% in the last 24 hours and is currently trading at $1.67. - 2
Lido DAO crypto price has experienced a hike of over 15% in the last 3 sessions. - 3
Bulls have regained control and are committed to surging the price to higher levels.
Lido DAO token price has jumped 3% in intraday and over 15% in the last three days. The LDO price is nearing an immediate resistance of $1.7, the breakout of which might add more momentum and the price may show gains up to the 200-day EMA. The overall crypto market is optimistic at the moment and the cryptos are gaining momentum one by one.
The daily chart witnesses the breakout of a descending channel pattern after a short-term accumulation near the lows indicating a shift in the trend. The LDO price surpassed the 50-day EMA indicating short-term dominance of buyers. The precise trend analysis of LDO price illustrates a bullish trend in the short term. The momentum favors the bulls indicating more potential to the upside.
The volume analysis shows that the LDO crypto has received $28.259 Million volume in the last 24 hours which is 49.11% less than the last day. The volume-to-market cap ratio is 1.91% indicating the low volatility in the crypto.
Lido DAO Token Price Prediction For 2023 and 2025
The average analyst price target for Lido DAO (LDO crypto) in 2023 is $3.18, which represents a potential upside of 99.0% from the CMP. However, there is a wide range of analyst price targets, from $2.12 to $4.85. The most optimistic 2023 price target for LDO crypto is $5.4.
The average analyst price target for Lido DAO crypto in 2025 is $5.38, which represents a potential upside of 235.0% from the CMP. This suggests that analysts are generally bullish on LDO crypto in the long term.
Technical Indicators Shows Optimistic Trend In The Short Term
MACD lines are showing an optimistic crossover. Also, histogram bars are formed above the mean line of increasing height, indicating the momentum is aligned with the price at the moment and the price might gain more in the coming sessions.
The EMA analysis shows that the LDO price has recently shown a breakout of the 50-day EMA indicating bullishness in the short term. The LDO price might show more gains to reach a 200-day EMA.
Conclusion
Lido DAO token price has jumped 3% intraday and over 15% in the last three days, indicating a bullish trend in the short term. The momentum favors the bulls, with potential for further gains. However, volume has decreased, suggesting low volatility. Analysts are generally bullish on Lido DAO in the long term, with an average price target of $3.18 in 2023 (99% upside) and $5.38 in 2025 (235% upside).
Technical Levels
- Support Levels: $1.44 and $1.373
- Resistance Levels: $1.70 and $1.83
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/09/30/lido-dao-price-jumps-off-15-is-it-time-to-ride-the-trend/