Shocking Warning ⚠️: $LDO could be a bull trap! 📉
Despite the recent price increase to $1.2356, the Lido $DAO ($LDO ) chart is showing some concerning signs. On-chain metrics are showing a significant increase in short-term holder selling, which could indicate that early investors are taking profits. This isn't a long-term accumulation phase; it could be a distribution phase. Don't be fooled by small price pumps; the overall trend could be pointing downward as a technical resistance has triggered pullbacks.
Are you getting out or holding on? Let me know your strategy! 👇