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Lido DAO

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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-signals-short-term-bullish-trend-for-lido-dao/" data-wpel-link="internal">Crypto Analyst Signals Short-Term Bullish Trend for Lido DAO</a> 
Closely followed crypto analyst Ali Martinez has indicated a short-term bullish signal for Lido DAO (LDO), a liquid staking protocol designed for the <a href="https://en.coin-turk.com/ethereum-price-momentum-slows-down/" data-wpel-link="internal">Ethereum</a> (ETH) Blockchain. Martinez also shared his outlook for the largest cryptocurrency, <a href="https://coin-turk.com/abd-politikacidan-bitcoin-cagrisi-btc-bir-deger-saklama-aracidir" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-btc-ile-odeme-donemi-miami-belediye-baskani-calismalari-baslatti" data-wpel-link="internal">BTC</a>). 
<h2 style="text-align: justify" id="strong-commentary-on-ldo-s-buy-signal-strong">Commentary on LDO’s “Buy Signal”</h2> 
Experienced crypto analyst Ali Martinez shared his observations on social media platform X, noting that the Tom DeMark (TD) Sequential Indicator recently gave a buy signal for Lido DAO’s mainnet asset LDO in a 3-day time frame. Martinez added that if LDO maintains its position above $1.85, there is potential for a rally towards $3. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345158" src="https://coin-turk.com/wp-content/uploads/2024/04/Altcoin-LDO.jpeg" alt="" width="2125" height="1443"> 
Investors often use the TD Sequential Indicator to predict potential trend reversals based on the closing prices of the previous 13 bars or candles. LDO is currently trading at $2.05 and has risen by 2.5% over the last 7 days. Despite market fluctuations, this altcoin ranked 63rd by market value continues to show strength. 
<h2 style="text-align: justify" id="strong-bitcoin-analysis-strong">Bitcoin Analysis</h2> 
Following the LDO analysis, Martinez evaluated the current situation of <a href="https://en.coin-turk.com/bitcoin-transaction-fees-surge-due-to-new-token-standard/" data-wpel-link="internal">Bitcoin</a>, highlighting two significant sell signals observed in a 12-hour time frame. These indicators include a death cross formation between the 50 and 100 SMA (Simple Moving Average) and a red 9 candlestick from the TD Sequential Indicator. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-345159" src="https://coin-turk.com/wp-content/uploads/2024/04/Bitcoin-BTC-Analiz-1.jpeg" alt="" width="2125" height="1443"> 
Martinez emphasized that if <a href="https://en.coin-turk.com/bitcoin-returns-to-27000-level-insights-and-predictions-for-the-cryptocurrency-future/" data-wpel-link="internal">BTC</a> falls below the support level of $63,300, there could be potential downward movements towards $61,000 or $59,000 along with possible price corrections. A death cross typically occurs when the 50-day moving average falls below the 200-day moving average and often signals an impending downtrend for the asset. 
Bitcoin is currently trading around $63,000, and data shows that the largest cryptocurrency has declined by 1.71% over the last 7 days. Most importantly, Bitcoin continues to attract global investor interest and maintain its position in the market. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/crypto-analyst-signals-short-term-bullish-trend-for-lido-dao/" data-wpel-link="internal">Crypto Analyst Signals Short-Term Bullish Trend for Lido DAO</a></h5>

Crypto Analyst Signals Short-Term Bullish Trend for Lido DAO

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