In the middle of the recovery of the current cryptography market, the Haussière Prix Action of Lido Dao (LDO) drew the attention of merchants. In recent weeks, LDO has had difficulties in a tight range between $ 1.50 and $ 2.00. However, with the current price recovery, it seems to get out of this area.
Technical analysis of Lido Dao (LDO)
According to an expert technical analysis, LDO has been negotiated in a narrow range since the end of December 2024, the level of $ 2 acting as a strong resistance. LDO faced a resistance several times during this period, resulting in a significant drop in prices.
However, the current feeling of the market moves, which could trigger a price wave and a break above this level of resistance.
Price prediction LDO
Based on the action of recent prices and historical impulse, this break can only be considered successful if the asset closes a daily candle above the level of $ 2.15, otherwise, it would be a fake. If this happens, there is a strong possibility that the LDO token could rise by 55% to reach the level of $ 3.37 in the future.
However, the asset is negotiated above the exponential mobile average (EMA) on the daily time, indicating that LDO is in an upward trend. On the positive side, the relative force index of the asset (RSI) is currently below level 55, which suggests that Altcoin still has enough space to increase considerably in the coming days.
Chanting uptime metrics
Looking at these upward perspectives after rupture, traders showed a strong interest in assets, as revealed by the chain analysis company Rinsing. Data show that LDO’s open interest (O) has jumped by 32% in the last 24 hours and 20% in the last four hours, indicating an increase in new positions by intraday traders.
However, the long / short LDO ratio reveals that the intraday traders are betting strongly on the long side, because it is currently at 1.14. At the time of the press, more than 53.50% of traders hold long positions, while 46.50% hold short positions, which makes the ratio favorable to bulls.
Current price momen
LDO is currently negotiating nearly $ 2.13 and has increased prices of more than 16% in the last 24 hours. During the same period, its volume of negotiation jumped 60%, which indicates increased participation of traders and investors after escape.