The Lido DAO (LDO) cryptocurrency is currently experiencing a bullish trend and is approaching a resistance trendline. There is anticipation for a breakout rally that could push the price beyond $2.78. The price has already surpassed the $1.50 mark and is showing signs of ending the previous bearish trend. The daily chart indicates a bullish recovery, with the price surging over 75% and crossing key levels such as the 200-day exponential moving average (EMA) and the 38.20% Fibonacci level at $1.562. The LDO token is currently trading at $1.63, with technical indicators suggesting a possible breakout rally. If the breakout is successful, the price could reach the 78.60% Fibonacci level at $2.788. However, in case of a pullback, support levels at the 200-day EMA or the 23.60% Fibonacci level could be found.
- Content Editor ( thecryptobasic.com )
- 2024-11-26
Lido DAO Targets $2.78: Will a Trendline Breakout Fuel the LDO Price Rally?