<ul>
 <li><em>Lido experienced a massive price surge amid growing interest in the liquid staking sector.</em></li>
 <li><em>Trader sentiment shaped the narrative for LDO’s evolving momentum.</em></li>
</ul>
<p><a href="https://ambcrypto.com/search/Lido" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Lido [LDO]</a> has asserted its dominance in the liquid staking sector, garnering increased attention as interest in this space continues to rise.</p>
<p>The LDO token, a focal point of this growing interest, recently experienced a substantial price surge. The altcoin observed a noteworthy growth of 9.75% within the last 24 hours.</p>
<p>This movement of the LDO token revealed a pattern of establishing multiple high highs and high lows, contributing to a bullish trend.</p>
<p>This price behavior also indicated a positive trajectory, capturing the attention of both existing and potential investors. However, it remains to be seen whether this bullish momentum can continue.</p>
<h4><b>Taking a closer look</b></h4>
<p>AMBCrypto’s analysis of Lido’s network dynamics showcased heightened interest from new addresses.</p>
<p>However, a simultaneous decrease in velocity implied a reduction in the number of transactions using the token. This signified a nuanced market response at the time of writing the report.</p>
<div id="attachment_360495" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360495" decoding="async" class="size-full wp-image-360495" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.14.43-25-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <p id="caption-attachment-360495" class="wp-caption-text">Source: Santiment</p>
</div>
<p>Delving into key metrics, the MVRV ratio for LDO witnessed growth, signaling that more profitable addresses were holding the token. This could potentially imply a higher incentive to sell.</p>
<p>Concurrently, a growing Long/Short difference indicated a significant presence of long-term holders, reflecting a resilient commitment among a substantial segment of investors.</p>
<div id="attachment_360497" style="width: 100%" class="wp-caption alignnone"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360497" decoding="async" class="size-full wp-image-360497" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Lido-DAO-Token-LDO-15.28.39-25-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <p id="caption-attachment-360497" class="wp-caption-text">Source: Santiment</p>
</div>
<h4>Looking at trader sentiment</h4>
<p>In terms of trader sentiment, the landscape, at press time, revealed short positions at 56.8%, outweighing long positions. This indicated a prevailing cautious stance among traders, possibly influenced by market uncertainties or strategic considerations.</p>
<p style="text-align: center;">Realistic or not, here’s&nbsp;<a href="https://ambcrypto.com/calculator/marketcap" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">LDO’s market cap in BTC’s terms</a></p>
<p>Rising short positions can potentially impact LDO by introducing increased selling pressure.</p>
<p>Traders betting against the token may seek to capitalize on potential price declines, influencing the overall market sentiment and contributing to heightened volatility.</p>
<div id="attachment_360498" style="width: 100%" class="wp-caption alignnone"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360498" decoding="async" class="size-full wp-image-360498" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM.png" alt="" width="2560" height="646" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM-300x76.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM-1024x258.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM-768x194.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM-1536x388.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Screenshot-2023-12-25-at-3.29.10-PM-2048x517.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <p id="caption-attachment-360498" class="wp-caption-text">Source: Coinglass</p>
</div>

LDO rises 9.75% in 24 hours: Will the growth last?

AMBCrypto

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