LDO BTC Lido DAO Technical Analysis

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By Frans van Elst

Lido DAO logo In this Lido DAO technical analysis, we will examine the current price action, trading volume, key levels and indicators for LDO-BTC. Lido DAO (LDO) is a decentralized governance platform that enables users to participate in the decision-making process of the protocol. It utilizes a novel voting mechanism called “liquid democracy” to ensure fair and inclusive decision-making. With Lido DAO, users can earn rewards in the form of LDO tokens for contributing value to the ecosystem, creating a self-sustaining and community-driven network.

Lido DAO Price Overview:

As of May 14, 2024, Lido DAO is trading at approximately 3e-05 BTC. Let’s dive into the detailed price action for LDO-BTC:

Understand Lido DAO’s (LDOBTC) challenges at 2.68e-05 BTC with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 3e-05
High (H) 3e-05
Low (L) 3e-05
Close (C) 3e-05
Volume (C) 72,026.44
  • Open (O): The opening price for today’s trading session was approximately 3e-05 BTC.
  • High (H): Lido DAO reached a daily high of around 3e-05 BTC.
  • Low (L): The daily low for LDO-BTC was approximately 3e-05 BTC.
  • Close (C): At the time of analysis, Lido DAO is trading near its daily close of 3e-05 BTC.
Metric Value
1D Change (%) 1.29%
3D Change (%) -7.56%
7D Change (%) -15.42%
30D Change (%) -16.84%
90D Change (%) -57.73%
YTD Change (%) -57.24%

Over the past three days, LDOBTC has fallen by approximately -7.56%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -15.42%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LDOBTC maintaining a downward trend of approximately -16.84%, despite intermittent fluctuations. Examining the last 90 days, LDOBTC has witnessed substantial drop of approximately -57.73%, reflecting strong long-term confidence. Year-to-date, LDOBTC has steadily dropped by around -57.24%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Lido DAO Live Chart:

You can access a live price chart for LDO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.69061.
  • Momentum score is -0.1569.

LDO BTC Technical Analysis

Lido DAO Trading Volume:

The trading volume for Lido DAO (LDO) over the past 24 hours has been significant, with approximately 72,026.44 BTC traded against LDO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): LDO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Lido DAO is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for LDO-BTC is currently in the low zone, around 36.99413. This suggests that Lido DAO is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Lido DAO (LDO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Understand Lido DAO’s (LDOBTC) challenges at 2.68e-05 BTC with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.

Take the next step in your exploration by delving into our detailed insights on LDO USDT Lido DAO Technical Analysis; it’s a natural follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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