Amid the continuous recovery market, Lido Dao’s (LDO) acquired the ups of the traders’ attention. In recent weeks, LDO has been struggling within a narrow range between $ 1.50 and $ 2.00. However, with the current price recovery, it appears to explode from this area.
Lido Dao (LDO) Technical Analysis
According to expert technical analysis, LDO has been circulated within a narrow range since late December 2024, with a level of $ 2 with a strong resistance. LDO faced resistance several times during this period, which led to declines in noticeable prices.
However, the current market morale transforms, which can lead to an increase in prices and the higher differences than this resistance level.
LDO price prediction
Based on the latest procedures for prices and historical momentum, this penetration cannot be considered successful unless the original closes a daily candle above the level of $ 2.15, otherwise it will be fake. If this happens, there is a strong possibility that the LDO code will rise by 55 % to reach a level of $ 3.37 in the future.
However, the origin of the Si -SIA (EMA) is traded on the daily time frame, indicating that the LDO is in a bullish direction. On the positive side, the RSI is currently lower than 55, indicating that Altcoin still has enough space to rise significantly in the coming days.
The biological measures on the chain
Looking at these upscale expectations after the penetration, traders showed strong interest in the original, as the analysis company revealed the series Coinglass. The data indicates that the open interest of LDO (OI) has increased by 32 % in the past 24 hours and 20 % in the past four hours, indicating an increase in new centers by traders inside the day.
However, the long/short LDO ratio reveals that traders inside the day are betting hard on the long side, with a size currently 1.14. At the time of the press, more than 53.50 % of traders occupy long jobs, while 46.50 % occupy short jobs, making the percentage favorable to bulls.
Current price momentum
LDO is currently trading near 2.13 dollars and has witnessed an increase in prices of more than 16 % during the past 24 hours. During the same period, the trading volume jumped by 60 %, indicating an increase in participation of merchants and investors after the penetration.
