Lodo, Lido Dao, LDO, has the attention of encryption fans in the wake of a strong gathering during the past 24 hours. However, the distinctive symbol now tests a major resistance level at $ 2.10, a level that is historically linked to low sales pressure and low prices.
7.18 million dollars LDO flows on stock exchanges
The price of LDO also increased, data on the series from Coinglass It revealed a $ 7.18 million flow of LDO icons on stock exchanges, which hints that the long -term holders or whales may prepare for sale.
Flows on the stock exchanges indicate that long -term hikers or whales have transferred their holdings to the stock exchanges for a possible sale. However, this may lead to the sale of pressure and low prices.
Looking at such discharge in the past 24 hours indicates that history may repeat itself.
Lido Dao (LDO) and key levels
According to expert technical analysis, LDO looks optimistic but currently at a decisive resistance level of $ 2.10. The LDO daily chart shows that its price has reached this level more than twice, and each time, it has witnessed a decrease in prices by more than 28 %, from $ 2.08 to $ 1.47.
However, this time, due to the previous date, investors began to throw their holdings and speculate that LDO could decrease again by 28 % to reach a level of $ 1.47.
On the contrary, if the current emotions of LDO persist and the price violation of the resistance level, which led to the closure of a daily candle over $ 2.10, there is a strong possibility that can rise by 65 % to reach a level of $ 3.50. However, in the cryptocurrency market, such a gathering can be easily achieved.
LDO is currently trading near $ 2 and has witnessed an increase in prices of more than 15.50 % during the past 24 hours. However, during the same period, the trading volume jumped by 78 %, indicating an increase in the participation of traders and investors compared to previous days.
