Lido DAO Shows Strength To Breakout; Will The Downtrend Line Be Invalidated?
LDO price shows strength for the first time after post-merge. LDO bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend line. The price of LDO shows bullish signs as price trades below 50 and 200 Exponential Moving Averages (EMA) with good volume. The price of Lido DAO (LDO) has been one of the best performances before the “Ethereum Merge,” outperforming the market as the price rallied to an all-time high of $3 against tether (USDT). Although the crypto market faced a new drawback as Bitcoin (BTC) price dropped from....
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The price of Lido DAO (LDO) has shown so much strength despite the downtrend across the market, with Lido DAO (LDO) eyeing a rally to its all-time high of $4. Bitcoin’s (BTC) price has shown a little strength bouncing off from key support, leading to most crypto assets popping out from their shell. (Data from Binance) Related Reading: Why Vitalik Buterin Expected Crypto Crash To Happen Earlier, ETH Price Battles With $1,600 Lido DAO (LDO) Price Analysis On The Daily Chart LDO token price has shown so much strength creating a higher high after hitting a daily low of $1.6; the price....
Bulls have something to celebrate after a classic on-chain metric prints its first major divergence in months. Bitcoin (BTC) may have stopped short of $40,000, but this week’s gains have helped spark a more significant breakout for underlying price strength.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewRSI breaks a two-month traditionData from Cointelegraph Markets Pro and TradingView shows that sustained BTC price action above $37,000 this week has allowed the relative strength index (RSI) to diverge from a multi-month downtrend.After going from $36,700 to $39,280 in....
Stellar (XLM) picked up pace on the daily chart as the coin registered some upward movement. The coin has been trading within a descending channel. Although the coin was moving sideways, if bulls reclaim the chart XLM can break above the channel. Technical outlook for the coin remained bearish. Buying strength also remained considerably low. Recent sell off in the market has caused the coin to lose its $0.107 support line. If the coin does not rise above the resistance mark of $0.107 then the altcoin is set to lose some of its value again. Buying strength has to recover in the market for....
The price of Bitcoin started the day by a slight rise from $268 to around $274, before falling again to $268. The price seems to be oscillating today between $268 and $274, as we estimated yesterday that the price is likely to move sideways, as it approaches the $255 support point. The Advance/Decline line is sloping downwards (look at the below chart) which means that the downtrend is rather strong and is not likely to reverse today. The chart also shows the low trading volume compared to yesterday. If the price is to continue dropping or reverse to the bullish side, a bigger trading....
A renewed focus on decentralization, the steady growth of DeFi’s liquid staking sector and investment from institutions could benefit LDO token in the long-term. Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer. As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is one of the main staking protocols for several popular tokens and it allows token holders to earn an extra yield by....