Lido DAO (LDO) saw significant price growth this week, outperforming Bitcoin (BTC) and Ethereum (ETH). However, technical analysis of the token indicates growing bearish pressure. 🐻

The price of LDO has increased by 11.6% over the past 14 days. However, the relative strength index (RSI) is 33.47, suggesting a potential fall below $1.80 into oversold territory.

Despite the market correction, the outlook for Lido DAO looks optimistic, with significant price growth potential predicted by 2030.

However, the broad market correction has caused panic selling and investor fear affecting many cryptocurrencies, including LDO.

At the time of writing, the price of Lido DAO is $2.15. The 24-hour trading volume is $118 million, indicating significant cryptocurrency trading activity. Lido DAO is ranked 54th on CoinGecko.