Lido DAO (LDO) Price Prediction for January 25
Lido DAO’s Aboriginal token LDO has attracted the attention of encrypted enthusiasts after a strong rally in the past 24 hours. However, the token is now testing the key resistance level of $ 2.10, which is a level related to sales pressure and price decline.
7.18 million US dollars of LDO inflow and exchange
As the price of LDO has soared, from Small shop It shows that the US $ 7.18 million LDO tokens flow in and exchanges, suggesting that long -term holders or whales may be ready to be sold.
The inflow of exchange shows that long -term holders or whales have transferred its shares to the transaction to seek potential selling. However, this may lead to decline in sales pressure and further prices.
Viewing such a garbage dump in the past 24 hours indicates that history may be repeated.
LiDO DAO (LDO) technical analysis and key level
According to the technical analysis of experts, LDO seems to have seen a bullish, but the current resistance is $ 2.10. The daily chart of LDO shows that its price has reached more than twice. Each time, its price has fallen by more than 28 %, from $ 2.08 to $ 1.47.
However, due to the past history, investors have begun to dump their own shares and speculate that LDO can drop by 28 % again to reach a level of $ 1.47.
On the contrary, if the current emotions for LDO continue and the price violates the level of resistance, and the candle of more than $ 2.10 or more every day, it is likely that it will soar 65 % to reach $ 3.50. However, in the cryptocurrency market, such a rally is easy to achieve.
The current transaction price of LDO is close to $ 2, and the price has experienced more than 15.50 % in the past 24 hours. However, during the same period, its transaction volume increased by 78 %, indicating that compared with the previous days, the participation of traders and investors increased.
