The worth of Lido DAO (LDO) has proven a lot energy regardless of the downtrend throughout the market, with Lido DAO (LDO) eyeing a rally to its all-time excessive of $4. Bitcoin’s (BTC) worth has proven a bit energy bouncing off from key assist, resulting in most crypto property coming out from their shell. (Data from Binance)
Lido DAO (LDO) Price Analysis On The Daily Chart
LDO token worth has proven a lot energy creating a better excessive after hitting a every day low of $1.6; the worth bounced off from this area and rallied to $2.
The worth of LDO rallied to a excessive of $2.2 however has confronted resistance; LDO wants to interrupt this resistance at $2.2 to have an opportunity of buying and selling increased.
LDO worth has continued to point out a lot energy as bulls are able to push the worth of LDO to increased heights.
The worth of LDO is at the moment buying and selling above its assist at $1.9, with eyes set for extra highs.
Daily resistance for the worth of LDO – $2.2-$2.4.
Daily assist for the worth of LDO – $1.9.
Price Analysis Of LDO On The Four-Hourly (4H) Chart
After falling from a excessive of $4, the worth of LDO on the four-hourly timeframe has fashioned assist at $1.6, holding the worth of LDO from going decrease as this has grow to be an space of demand for LDO worth.
The worth of LDO fashioned a bullish symmetrical triangle earlier than breaking out with good quantity, and the worth continued to rally after a profitable breakout.
LDO trades at $2.2 above the 50 and 200 Exponential Moving Average (EMA). The costs at $2.1 and $1.96, akin to 50 and 200 EMA, will proceed to maintain the worth of LDO from going decrease.
If the worth of LDO maintains its construction, we may see the worth going increased to a area of $3 as the quantity pushing the worth of LDO seems bullish for such worth motion.
If the worth of LDO fails to carry this above 50 and 200 EMA assist, we may see the worth of LDO retesting the assist at $1.9-$1.6, as this has confirmed to be an space of curiosity for patrons
Despite being rejected just lately from the $2 mark, LDO worth has continued to look bullish with extra purchase quantity for this coin.
Four hourly (4H) resistance for the LDO worth – $2.2-$2.4.
Four hourly (4H) assist for the GMX worth – $1.9-1.6.
Price Analysis Of LDO On The One Hour (1H) Chart
The worth of LDO within the 1H timeframe has continued to respect the trendline whereas creating increased highs; if the worth of LDO continues its bullish construction, we may see LDO going previous the $3 mark.
If the trendline supporting the LDO token is damaged, we may see the worth revisiting $1.9, slightly below the 200 Exponential Moving Average (EMA). The worth of LDO is at the moment buying and selling above the 50 and 200 EMA, performing as assist for LDO worth within the 1H timeframe.
One Hourly (1H) resistance for the LDO worth – $2.2-$2.4.
One Hourly (1H) assist for the LDO worth – $1.9.
Featured Image From Coingape, Charts From TradingView.com 
