💧 #LDO has hit rock bottom
Lido is the largest project in the DeFi space. It is a liquid staking of Ethereum 🔹.
Like the Ether blockchain, projects built on it have been experiencing low performance lately. Since 2023, the price has been falling within a 'descending price channel' 📉.
Recently, there has been a liquidity withdrawal below the global support level of ~$0.89. Also, at this point, a 'bullish divergence' formed in the RSI indicator.
Based on the current image, we should expect a gradual recovery. The main targets: the level of ~$0.89 and the upper limit of the 🎯 channel.
