strong bull

The post <a href="https://coinpedia.org/price-analysis/lido-dao-price-erases-its-recent-gains-whats-next-for-ldo-price-this-month/">Lido Dao Price Erases Its Recent Gains! What’s Next For LDO Price This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Lido Dao price has displayed a positive price action over the past week as the coin has added over 10% to its portfolio during this time. Further, the price continues to trade in a rising channel pattern, highlighting a strong bullish influence for this token in the crypto space. 
The LDO price traded in a narrow space between $2.326 and $2.468 for a while, following which the price lost momentum and recorded a breakdown. After this, the Lido Dao traded in a consolidated range between $1.974 and $2.326 for about two weeks. 
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The altcoins then gained significant momentum, resulting in the LDO token breaking out of its resistance level. Further, the Cross EMA 50/200 displayed a Golden cross, highlighting a strong bull sentiment in the crypto space. 
Since then, the price has been displaying a constant rise in the chart. Moreover, the EMA Cross 50-day acts as a dynamic support to the Lido Dao price, suggesting a strong bullish influence over this coin in the crypto market. 
The MACD displays a rising red histogram, indicating an increased selling pressure in the market. Moreover, the averages show a Bearish convergence, suggesting the price will continue losing momentum in the coming time. 
<h2 class="wp-block-heading" id="h-will-ldo-price-go-back-up">Will LDO Price Go Back Up?</h2> 
If the bulls hold the price above the support level of $3.159, the LDO price will regain momentum and test its resistance level of $3.398 over the weekend. 
Further, if the market holds the price at that level, the Lido token will attempt to test its upper resistance level of $3.60 in the coming time. 
Conversely, if a trend reversal occurs, the price will continue to lose momentum and fall to test its support level of $2.971. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $2.825 during the week ahead.

Lido Dao Price Erases Its Recent Gains! What’s Next For LDO Price This Month?

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