LDO USDT 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-USDT. Lido DAO (LDO) is a decentralized finance (DeFi) platform that enables users to earn rewards through staking and liquidity provision. The platform’s native token, LDO, powers the ecosystem and grants holders access to various DeFi services. With its innovative features and user-friendly interface, Lido DAO is poised to revolutionize the DeFi landscape.

Lido DAO Price Overview:

As of April 17, 2024, Lido DAO is trading at approximately 1.894 USDT. Let’s dive into the detailed price action for LDO-USDT:

Clearly see potential bearish trend for Lido DAO (LDOUSDT) at 1.89 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 2.005
High (H) 2.034
Low (L) 1.889
Close (C) 1.894
Volume (C) 2,122,728.25
  • Open (O): The opening price for today’s trading session was approximately 2.005 USDT.
  • High (H): Lido DAO reached a daily high of around 2.034 USDT.
  • Low (L): The daily low for LDO-USDT was approximately 1.889 USDT.
  • Close (C): At the time of analysis, Lido DAO is trading near its daily close of 1.894 USDT.
Metric Value
1D Change (%) -5.58%
3D Change (%) -10.24%
7D Change (%) -27.74%
30D Change (%) -24.45%
90D Change (%) -37.47%
YTD Change (%) -28.37%

Over the past three days, LDOUSDT has fallen by approximately -10.24%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -27.74%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LDOUSDT maintaining a downward trend of approximately -24.45%, despite intermittent fluctuations. Examining the last 90 days, LDOUSDT has witnessed substantial decrease of approximately -37.47%, reflecting strong long-term confidence. Year-to-date, LDOUSDT has steadily depreciated by around -28.37%, 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-USDT 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 1.13355.
  • Momentum score is -0.35949.

LDO USDT Technical Analysis

Lido DAO Trading Volume:

The trading volume for Lido DAO (LDO) over the past 24 hours has been insignificant, with approximately 2,122,728.25 USDT 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-USDT is currently in the low zone, around 39.67786. This suggests that Lido DAO is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

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

Clearly see potential bearish trend for Lido DAO (LDOUSDT) at 1.89 USDT through detailed technical analysis, highlighting weakened support and cautionary indicators.

For a deeper dive into the subject, don’t miss our comprehensive analysis on LDO BTC Lido DAO Technical Analysis if you found this post intriguing.

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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