Lido Analysis Update: First Cycle of This Crypto

Lido DAO ($LDO ) is currently ranked 73rd on CoinMarketCap and is the leading liquid staking protocol for Ethereum. Its price has been in a downtrend for two months. It is also worth noting that it has a technical pattern similar to #dot .

In previous analyses, we mentioned that LDO was at good support levels, but it eventually broke below that zone. This highlights the importance of never using all your liquidity at once, a fundamental recommendation in these markets. We also set three buy orders at various levels, and over these two months of decline, all the orders have been executed.

This is my analysis: do yours. If you're afraid, use a stop loss. LDO is in the best buying zone of this accumulation range of more than 900 days. Personally, I speculate that it should test the mid-range in the coming months, in the $1.4 zone.

Remember that LDO has very solid fundamentals; this is its first cycle, and if Ethereum rises, LDO is very likely to rise even more. However, exercise caution, as we have been experiencing a continuous two-month decline in this cryptocurrency.