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 July 02, 2024, Lido DAO is trading at approximately 1.999 USDT. Let’s dive into the detailed price action for LDO-USDT:
| Metric | Value |
|---|---|
| Open (O) | 2.005 |
| High (H) | 2.054 |
| Low (L) | 1.979 |
| Close (C) | 1.999 |
| Volume (C) | 6,784,550.08 |
- 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 2.054 USDT.
- Low (L): The daily low for LDO-USDT was approximately 1.979 USDT.
- Close (C): At the time of analysis, Lido DAO is trading near its daily close of 1.999 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.30% |
| 3D Change (%) | 4.01% |
| 7D Change (%) | -14.35% |
| 30D Change (%) | -14.90% |
| 90D Change (%) | -21.52% |
| YTD Change (%) | -24.39% |
Over the past three days, LDOUSDT has risen by approximately 4.01%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -14.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LDOUSDT maintaining a downward trend of approximately -14.90%, despite intermittent fluctuations. Examining the last 90 days, LDOUSDT has witnessed substantial decrease of approximately -21.52%, reflecting strong long-term confidence. Year-to-date, LDOUSDT has steadily declined by around -24.39%, 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 1.19495.
- Momentum score is 0.09175.
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 6,784,550.08 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 neutral zone, around 47.39998. This suggests that Lido DAO is in range-bound 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Consider bearish sentiment in Lido DAO (LDOUSDT) at 2.00 USDT with technical analysis, showcasing weakened support and cautionary indicators.
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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.