Ethereum

Lido DAO

Resistance

Billion

Coin

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The coin price retreated from the resistance level in recent days which forms the basis of the Lido Dao price prediction</a> </li> 
 <li> <span>2</span> <a>As per Lido Dao price (BITSTAMP: LDO), the coin price increased by 0.41% over the last 24 hours.</a> </li> 
 <li> <span>3</span> <a>The price of the Lido Dao coin is trading at $1.881 and the 52-week price bound range is $0.212 – $2.550. </a> </li> 
</ul> 
<p>LDO coin is the native token of Lido DAO, a decentralized platform that offers liquid staking services for various blockchains, such as Ethereum and Solana. LDO holders can participate in Lido’s governance by voting on its main parameters, such as fees and upgrades.</p> 
<p>The maximum market cap of Lido DAO (LDO) is $1,897,609,535, based on the assumption that all 1 Billion LDO tokens are circulating today. This is a hypothetical scenario that shows the full potential of LDO’s value. The actual market cap may be lower, depending on how LDO tokens are distributed over time.</p> 
<p>As per Coinmarketcap, Lido Dao crypto plummeted by 1.94% in market value and surged by 76.94% in trading volume in the last 24 hours. Its market value is $1,665,865,934 and its trading volume is $47,191,430. There are 878,751,974 LDO in circulation.</p> 
<p>Lido Dao Coin’s (LDO) open interest is $54.16 Million. As per Coinglass, another crypto analysis website, it fell by 7.16% in the previous session. The long versus short ratio for 24 hours is 0.8416. The total number of short positions added in the last 24 hours is $526.13 against longs of $339.46K.</p> 
<p>Moreover, the Lido Dao Coin has shown poor performance this month, as it is down by 8.90% and by 27.39% in the past six months.</p> 
<h2 class="wp-block-heading" id="strong-lido-dao-price-technical-analysis-in-1-d-timeframe-strong"><strong>Lido Dao Price Technical Analysis in 1-D Timeframe</strong></h2> 
<p>LDO Coin price has been on a downward trend for the past three months, dropping by 3.38%. At the time of publication, LDO price is trading at $1.881 and forming a series of lower highs and lower lows.&nbsp;</p> 
<p>Therefore, the LDO coin price could continue to move downwards and reach the first and second targets of $1.80 and $1.58, if it fails to maintain the current level. However, if the LDO price sustains the current level and rises, then it might hit the nearest resistance levels of $2.25 and $2.50.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/FOGE4GyAeKlOfYa_JTWt2n0I99sx1PiKIqjKf2_fNCda2zLASpOqdEPnZuqFI9wHl6zykupWFhc-hd1XTCDGV5Y4YXOlA4tlsH0tFCpooVUt3bViksB-PB2JjUIeBshvnW5I6p-kD3mkXq-UQy79vF4" alt="Lido Dao Price Prediction 2023: Will LDO Price Descend Soon?"> 
  <figcaption class="wp-element-caption">
    Source: LDO/USD.1D.BITSTAMP by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing,<a href="https://www.thecoinrepublic.com/2023/07/15/lido-dao-price-analysis-will-the-bulls-grab-the-2-500-bar/" target="_blank" rel="noopener noreferrer nofollow"> the LDO coin price (BITSTAMP: LDO)</a> is trading below the 20, and 50-day EMAs (exponential moving averages), which is rejecting the LDO Coin price trend. Hence, the Lido Dao price prediction expects the prices to move downwards giving bearish views over the daily time frame chart.<br>&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/-mwm_ej3L9592xB5up3Tc7cgJ7PgSqaR_tKuCnjX4ZG-aeU48rHs3PolNUMQhdrlYXN4WH5XUNGSg-VQJ2hhctEAWg49wR4KjPMwCBKKZmCzwZjpQ3no-YqntGCX20Yft70MtSObRdRJqofvSuAKyzg" alt="Lido Dao Price Prediction 2023: Will LDO Price Descend Soon?"> 
  <figcaption class="wp-element-caption">
    Source: LDO/USD.1D.BITSTAMP by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The MACD line at 0.0314 and the signal line at 0.0209 is below the zero line and gave a bearish crossover, suggesting bearish signals. The current value of RSI is 42.58 points and the 14 SMA is below the median line at 47.05 points which indicates a downward direction and bearish sentiment in <a href="https://www.thecoinrepublic.com/2023/07/15/lido-dao-price-analysis-will-the-bulls-grab-the-2-500-bar/" target="_blank" rel="noopener noreferrer nofollow">the market of LDO Coin.</a></p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>The Lido Dao price prediction highlights the sentiments and perspectives of investors and traders regarding the Lido Dao coin price being bearish in the 1-D time frame. The Lido Dao price action reflects a pessimistic view at the time of publishing. Moreover, the technical parameters of the Lido Dao price suggest the continuation of the downtrend over the daily time frame chart. Major legitimate indicators MACD, RSI, and EMA, suggest negative signals about the Lido Dao coin price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels:</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> The nearest support levels are $1.80 and $1.58.</li> 
 <li><strong>Resistance levels: </strong>The nearest resistance levels are $2.25 and $2.50.</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

Lido Dao Price Prediction 2023: Will LDO Price Descend Soon?

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Thecoinrepublic.com

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