The Lido Dao (LDO) price has been experiencing strong selling pressure, resulting in a decline and the loss of crucial support levels. The price has been in a consolidation phase for the past three months. However, technical indicators suggest a potential bullish forecast, with the potential for a 30% rebound in the next few days. The price is currently trading at $1.15, with a market capitalization of $1.03 billion and a 24-hour trading volume of $40.11 million. The price has formed an inverted head and shoulder pattern and may extend to the 200-day exponential moving average if buyers show interest. However, a slip below the 20-day EMA could be a selling signal, potentially leading to massive selling if the $1 support level is breached. Technical indicators such as RSI and MACD are showing bullish signs, but monitoring the support levels is crucial in determining the future direction of the price.



Other News from Today