🔔Cryptocurrency news! The Lido cryptocurrency has increased by 20.57% over the past seven days (as of June 21, 2024). However, the likelihood of further growth is limited due to the approach to the historical resistance level of $2.30. 📈
- Current resistance level: $2.30
- Extra Resistance Level: $2.40
- Support level: $2.00
The current RSI is approaching the historical resistance level of 60, indicating that the market is overbought, which could limit further gains.
If Lido fails to break through the $2.30 and $2.40 levels, a decline to Fibonacci levels between $1.997 and $2.016 is likely to occur.
The NVT Lido signal for June 21, 2024 is 44, indicating its adequate valuation.
📊Keep an eye on Bitcoin and Ethereum trends as their movements will likely affect the Lido price.
What are your thoughts on this? Leave your comment below! 👇