The governance token of Lido Finance, the most liquid staking protocol on Ethereum, LDO, has risen 13% in the past week.



The coin's price is now trading at a premium to its 20-day exponential moving average (blue) and 50-day simple moving average (yellow), thanks to a surge in LDO trading activity over the past few days.



The 20-day exponential moving average (EMA) follows the asset's average price over the past 20 trading days, whereas the 50-day simple moving average (SMA) follows the asset's average closing price over the past 50 days. A strong bullish trend is indicated when an asset is trading above these key moving averages. In the case of the 20-day EMA, it indicates a short-term trend, and for the 50-day SMA, it indicates a long-term trend.



The strength of the current uptrend is confirmed by the Aroon Up line. The indicator value is currently 85.71%. The metric's use in identifying asset trend strength and possible price turning points is extensive. When the Aroon Up line gets close to 100%, it means there's been a strong uptrend and the highest point was reached not long ago.


$LDO