LDO cryptocurrency forecast (Lido DAO)
🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥
Technical analysis :
The chart shows a downward trend with support and resistance levels. LDO is currently in a consolidation phase, which may portend either a continued decline or a trend reversal.
Resistance levels:
$2.20
$2.47
Support Levels:
$1.98
$1.94
If the price breaks below the support at $1.94, a further decline to the $1.60 level is possible. If the resistance at $2.20 is broken, we can expect growth to the next resistance level at $2.47.
Inflow and outflow of “smart money” in LDO cryptocurrency:
At the moment, it is difficult to make an accurate forecast on the inflow and outflow of “smart money” without on-chain analysis data.
On-chain LDO analysis:
Number of active addresses:
The average number of active addresses over the last 30 days is about 2,000 per day, which shows stable interest in the network.
New addresses:
About 100-200 new addresses are created every day, which indicates a gradual increase in interest in LDO.
Transaction volume:
Daily transaction volume fluctuates around $10M-$15M, indicating active use of the network.
Netflows:
Over the past week, there has been an outflow of funds from exchanges, which may indicate investor sentiment towards long-term storage of LDO.
Net flow of large holders:
Large holders are accumulating LDO, which could be a positive signal for further price growth.
Exchange reserve:
The stock on exchanges is gradually decreasing, which may lead to less selling pressure.
Taker buy/sell ratio:
The coefficient remains in the range of 0.95-1.05, which indicates a balanced sentiment between buyers and sellers.
Liquidity level:
Liquidity remains at a high level, which ensures stable trading of LDO on various exchanges.
Addresses receiving profit:
Approximately 60% of addresses are in profit, which can encourage long-term token retention.
Break-even addresses:
About 20% of addresses break even.
Addresses suffering losses:
Approximately 20% of addresses are in the red, which may increase the risk of selling pressure.
Network participation indicators:
Participation in the network is stable, as evidenced by activity and the number of transactions.
Number of staking nodes:
The number of staking nodes is increasing, which shows the community's trust in the project.
Token distribution:
The distribution of tokens is quite decentralized, which reduces the risks of price manipulation.
Developer activity:
Developer activity remains high, which supports further development of the network and improvement of its functionality.
🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥🟥
Forecast:
In the near future, LDO may continue to move within the current consolidation range. In the event of a breakdown of resistance levels, growth can be expected; in the event of a breakdown of support, a fall can be expected. Based on on-chain data, the project looks stable, which can support its long-term prospects.