Lido DAO (LDO) — Overview and Summary
A protocol that allows liquid staking for various assets such as ETH, SOL, and others
Lido is supported by a number of professional node operators (more than 30) and relies on active decentralized governance via DAO and has a strong presence in DeFi and Ethereum
Current Prices
Current Price: Approximately 0.93
Daily Trading Range: Approximately between 0.89 – 0.94 USD
All-Time High (ATH): Between 7.28 and 7.30 in August 2021
All-Time Low (ATL): Approximately 0.4045 in June 2022
Simplified Analysis
Technical Support: At an approximate level of 0.90 makes sense for entry or reassessment
Resistance: At around 1.00 – 1.05, breaking it with trading volume could open the way towards 1.20–1.30 USD.
General Price Behavior
The price has been in a narrow range reflecting a state of market anticipation before a real move occurs
Important Technical Indicators
RSI (14): Approximately 55–60 indicating moderate buying momentum but not overbought
MACD: The current movement indicates the beginning of positive momentum.
Trading Volume: Over 24 hours ranges between 50 to 100 million USD, indicating considerable liquidity
Long-Term
Waiting for a clear breakout of the resistance level with confirmation in trading volume may be the best timing for entry.
Short-Term
Exploiting the price difference between support and resistance within the current range of 0.90–1.05
Safety Precautions
Set a stop loss below 0.90 USD and avoid excessive speculation if the price does not exceed resistance
🚨Do Your Own Research (DYOR)