- Bullish LDO price prediction is $2.844 to $3.94.
- Lido DAO (LDO) price might also reach $5 soon.
- LDO bearish market price prediction for 2022 is $0.727.
In Lido DAO (LDO) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about LDO to analyze the future movement of the cryptocurrency.
Lido DAO (LDO) Current Market Status
According to CoinGecko, the price of Lido DAO (LDO) is $2.02 with a 24-hour trading volume of $261,164,214 at the time of writing. However, LDO has decreased by nearly 8.37% in the last 24 hours.
Moreover, Lido DAO (LDO) has a circulating supply of 312,951,154 LDO. Currently, Lido DAO (LDO) trades in cryptocurrency exchanges such as Binance, BTCEX, Bybit, MEXC, FTX, and BingX.
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 2022
Lido DAO (LDO) holds the 50th position on CoinGecko right now. LDO price prediction 2022 is explained below with a daily time frame.
The above chart of Lido DAO (LDO) laid out the Falling Wedge pattern. In a falling wedge pattern, both the upper trend line which connects the highs and the lower trend line which connects the lows converge downwards. The wedge pattern in general indicates a trend reversal. Especially, the falling wedge signals a bullish reversal. This pattern indicates a breakout in the price trend towards an upswing.
Currently, Lido DAO (LDO) is in the range of $2.02. If the pattern continues, the price of LDO might reach the resistance levels of $2.844 and $3.948 If the trend reverses, then the price of LDO may fall to $0.727.
Lido DAO (LDO) Support and Resistance Levels
The chart below shows the support and resistance levels of Lido DAO (LDO).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Lido DAO (LDO).
- Resistance Level 1 – $2.844
- Resistance Level 2 – $3.948
- Support Level 1 – $0.727
The charts show that Lido DAO (LDO) has performed a bullish trend over the past month. If this trend continues, LDO might run along with the bulls overtaking its resistance level at $3.948.
Accordingly, if the investors turn against the crypto, the price of Lido DAO (LDO) might plummet to almost $0.727, a bearish signal.
Lido DAO (LDO) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Lido DAO (LDO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of LDO lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Lido DAO (LDO) is shown in the chart above. Notably, Lido DAO (LDO) price lies below 50 MA (short-term), so it is completely in a downtrend. Currently, LDO has entered a bearish state. Therefore, there is a possibility of a reversal trend of LDO at any time.
Meanwhile, the relative strength index (RSI) of the LDO is 48.66. This means that Lido DAO (LDO) is neither an oversold or overbought state. However, this means a major price reversal of LDO may occur in the upcoming days. So, traders need to trade carefully.
Lido DAO (LDO) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Lido DAO (LDO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Lido DAO (LDO). Currently, the ADX of LDO lies in the range of 24.467 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Lido DAO (LDO). RVI measures the constant deviation of price changes over a period of time. The RVI of LDO lies below 50, indicating low volatility. In fact, the RSI of Lido DAO (LDO) is at 48.66, thus confirming a potential sell signal.
Comparison of LDO with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Lido DAO (LDO).
From the above chart, we can interpret that the price changes of BTC, ETH, and LDO are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and LDO would increase or decrease respectively.
Lido DAO (LDO) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Lido DAO (LDO) might probably attain $6 by 2023.
Lido DAO (LDO) Price Prediction 2024
With several upgrades in the network, Lido DAO (LDO) might enter a bullish trajectory. If the coin grabs the attention of major investors, LDO might rally to hit $6.9 by 2024.
Lido DAO (LDO) Price Prediction 2025
If Lido DAO (LDO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, LDO would rally to hit $7.7.
Lido DAO (LDO) Price Prediction 2026
If Lido DAO (LDO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, LDO would rally to hit $8.2.
Lido DAO (LDO) Price Prediction 2027
If Lido DAO (LDO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, LDO would rally to hit $9.5.
Lido DAO (LDO) Price Prediction 2028
If Lido DAO (LDO) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, LDO would hit $10 in 2028.
Lido DAO (LDO) Price Prediction 2029
If investors flock in and continue to place their bets on Lido DAO (LDO), it would witness major spikes. LDO might hit $10.8 by 2029.
Lido DAO (LDO) Price Prediction 2030
With greater advancements in the Lido DAO ecosystem, the crypto community might continue to invest in LDO for the next 8 years and drive significant price rallies for the token. Hence, Lido DAO (LDO) might hit $11.1 by 2030.
Conclusion
With continuous improvements in the Lido DAO network, we can say that 2022 is a good year for LDO. For this reason, the bullish price prediction of Lido DAO (LDO) in 2022 is $3.94. On the other hand, the bearish price prediction of Lido DAO (LDO) price prediction for 2022 is $0.727.
Furthermore, with the advancements and upgrades to the Lido DAO ecosystem, the performance of LDO would help to reach above its current all-time high (ATH) of $7.30 very soon. But, it might also reach $5 if the investors believe that LDO is a good investment in 2022.
FAQ
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.
Lido DAO (LDO) has been listed on many crypto exchanges which include Binance, BTCEX, Bybit, MEXC, FTX, and BingX.
With the ongoing developments and upgrades within the Lido DAO platform, LDO has a high possibility of reaching its ATH soon.
On August 20, 2021, Lido DAO (LDO) reached its new all-time high (ATH) of $7.30.
Lido DAO (LDO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Lido DAO in the past few months, LDO is considered a good investment in 2022.
Lido DAO (LDO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Lido DAO (LDO) will hit $5 soon.
Lido DAO (LDO) price is expected to reach $6 by 2023.
Lido DAO (LDO) price is expected to reach $6.9 by 2024.
Lido DAO (LDO) price is expected to reach $7.7 by 2025.
Lido DAO (LDO) price is expected to reach $8.2 by 2026.
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.
Source: https://thenewscrypto.com/lido-dao-ldo-price-prediction-2022-will-ldo-hit-5-soon%EF%BF%BC/