spot_img
Thursday, October 6, 2022
More
    HomeMarketLido DAO Continues With Strong Bullish Bias, How High Can Price Go?

    Lido DAO Continues With Strong Bullish Bias, How High Can Price Go?

    -


    The worth of Lido DAO (LDO) has proven a lot power regardless of the downtrend throughout the market, with Lido DAO (LDO) eyeing a rally to its all-time excessive of $4. Bitcoin’s (BTC) worth has proven slightly power bouncing off from key assist, resulting in most crypto property coming out from their shell. (Information from Binance)

    Lido DAO (LDO) Value Evaluation On The Day by day Chart 

    LDO token worth has proven a lot power creating a better excessive after hitting a each day low of $1.6; the value bounced off from this area and rallied to $2. 

    The worth of LDO rallied to a excessive of $2.2 however has confronted resistance; LDO wants to interrupt this resistance at $2.2 to have an opportunity of buying and selling increased. 

    LDO worth has continued to point out a lot power as bulls are able to push the value of LDO to increased heights.

    The worth of LDO is at the moment buying and selling above its assist at $1.9, with eyes set for extra highs. 

    Day by day resistance for the value of LDO – $2.2-$2.4.

    Day by day assist for the value of LDO – $1.9.

    Value Evaluation Of LDO On The 4-Hourly (4H) Chart

    4-Hourly LDO Value Chart | Supply: LDOUSDT On Tradingview.com

    After falling from a excessive of $4, the value of LDO on the four-hourly timeframe has fashioned assist at $1.6, holding the value of LDO from going decrease as this has develop into an space of demand for LDO worth.

    The worth of LDO fashioned a bullish symmetrical triangle earlier than breaking out with good quantity, and the value continued to rally after a profitable breakout.

    LDO trades at $2.2 above the 50 and 200 Exponential Shifting Common (EMA). The costs at $2.1 and $1.96, comparable to 50 and 200 EMA, will proceed to maintain the value of LDO from going decrease.

    If the value of LDO maintains its construction, we may see the value going increased to a area of $3 as the amount pushing the value of LDO seems to be bullish for such worth motion.

    If the value of LDO fails to carry this above 50 and 200 EMA assist, we may see the value of LDO retesting the assist at $1.9-$1.6, as this has confirmed to be an space of curiosity for consumers

    Regardless of being rejected just lately from the $2 mark, LDO worth has continued to look bullish with extra purchase quantity for this coin.

    4 hourly (4H) resistance for the LDO worth – $2.2-$2.4.

    4 hourly (4H) assist for the GMX worth – $1.9-1.6.

    Value Evaluation Of LDO On The One Hour (1H) Chart

    Day by day LDO Value Chart | Supply: LDOUSDT On Tradingview.com

    The worth of LDO within the 1H timeframe has continued to respect the trendline whereas creating increased highs; if the value of LDO continues its bullish construction, we may see LDO going previous the $3 mark.

    If the trendline supporting the LDO token is damaged, we may see the value revisiting $1.9, just under the 200 Exponential Shifting Common (EMA). The worth of LDO is at the moment buying and selling above the 50 and 200 EMA, appearing as assist for LDO worth within the 1H timeframe.

    One Hourly (1H) resistance for the LDO worth – $2.2-$2.4.

    One Hourly (1H) assist for the LDO worth – $1.9.

    Featured Picture From Coingape, Charts From TradingView.com 



    Source link

    Related articles

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    spot_img

    Latest posts