Lido DAO Token Is Predicted to Reach $ 3.80 By Mar 21, 2024
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Lido DAO Token is down -3.13% today against the US Dollar
LDO/BTC decreased by -2.17% today
Lido DAO Token is currently trading 25.51% below our prediction on Mar 21, 2024
Lido DAO Token dropped -12.11% in the last month and is up 12.96% since 1 year ago
Lido DAO Token price $ 2.83 Lido DAO Token prediction $ 3.80 (29.82%) Sentiment Bearish Fear & Greed index 81 (Extreme Greed) Key support levels $ 2.79, $ 2.62, $ 2.41 Key resistance levels $ 3.16, $ 3.37, $ 3.53
LDO price is expected to rise by 29.82% in the next 5 days according to our Lido DAO Token price prediction
Lido DAO Token price today is trading at $ 2.83 after losing -3.13% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -4.71% in the same time period. LDO performed poorly against BTC today and recorded a -2.17% loss against the world’s largest cryptocurrency.
According to our Lido DAO Token price prediction, LDO is expected to reach a price of $ 3.80 by Mar 21, 2024. This would represent a 29.82% price increase for LDO in the next 5 days.
LDO Price Prediction Chart
Buy/Sell Lido DAO Token
What has been going on with Lido DAO Token in the last 30 days
Lido DAO Token has been displaying a negative trend recently, as the coin lost -12.11% in the last 30-days. The medium-term trend for Lido DAO Token has been bullish, with LDO increasing by 34.02% in the last 3 months. The long-term picture for Lido DAO Token has been positive, as LDO is currently displaying a 12.96% 1-year price change. On this day last year, LDO was trading at $ 2.51.
Lido DAO Token reached its all-time high price on Aug 20, 2021, when the price of LDO peaked at $ 7.28. The current LDO cycle high is $ 4.00, while the cycle low is at $ 0.404540. LDO has been displaying low volatility recently – the 1-month volatility of the coin is at 4.13. Lido DAO Token recorded 12 green days in the last 30 days.
Lido DAO Token technical analysis for today - Mar 16, 2024
The sentiment in the Lido DAO Token markets is currently Bearish, and the Fear & Greed index is reading Extreme Greed. The most important support levels to watch are $ 2.79, $ 2.62 and $ 2.41, while $ 3.16, $ 3.37 and $ 3.53 are the key resistance levels.
Bearish sentiment for Lido DAO Token
11 indicators are currently signaling a bullish prediction for Lido DAO Token, while 17 indicators are showing a bearish forecast. With 61% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Lido DAO Token.
Crypto market is currently experiencing Extreme Greed
Currently, the Fear & Greed index is at 81 (Extreme Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Lido DAO Token moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Lido DAO Token is positioned in the market right now.
Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 2.93 (SELL) $ 3.26 (SELL) - - MA5 $ 3.08 (SELL) $ 3.18 (SELL) - - MA10 $ 3.23 (SELL) $ 3.01 (SELL) - - MA21 $ 3.32 (SELL) $ 2.77 (BUY) $ 4.91 (SELL) $ 2.61 (BUY) MA50 $ 3.12 (SELL) $ 2.45 (BUY) $ 0.642591 (BUY) $ 2.25 (BUY) MA100 $ 2.94 (SELL) $ 2.19 (BUY) $ 0.057313 (BUY) $ 1.58 (BUY) MA200 $ 2.52 (BUY) $ 2.05 (BUY) - -
Period Value Action RSI (14) 39.07 NEUTRAL Stoch RSI (14) 14.77 BUY Stochastic Fast (14) 33.59 NEUTRAL Commodity Channel Index (20) -66.67 NEUTRAL Average Directional Index (14) 10.84 NEUTRAL Awesome Oscillator (5, 34) 0.05 NEUTRAL Momentum (10) -0.09 SELL MACD (12, 26) -0.02 NEUTRAL Williams Percent Range (14) -66.41 NEUTRAL Ultimate Oscillator (7, 14, 28) 46.40 NEUTRAL VWMA (10) 3.33 SELL Hull Moving Average (9) 3.34 SELL Ichimoku Cloud B/L (9, 26, 52, 26) 3.30 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Lido DAO Token is at 39.07, suggesting that LDO is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Lido DAO Token over the last 50 days. Currently, Lido DAO Token is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LDO closing price for the last 200 days. LDO is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Lido DAO Token prediction
After considering the above factors, we can conclude that the current forecast for Lido DAO Token price prediction is Bearish. LDO would have to increase by 29.82% to hit our $ 3.80 target within the next five days. Moving forward, it will be important to monitor the LDO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Lido DAO Token price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.