Lido DAO Technical Analysis: LDO Bulls Targeting $0.95
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Past Performance of Lido DAO
The Lido DAO token is spearheading the current revival, adding 45 percent versus the USDT when writing. After an 89 percent fall from peaks, the LDO coin is bottoming up and likely to break above the 20-day moving average as bulls triumph. Currently, prices have broken above a critical resistance level at $0.60, and buyers appear to be in control.
Lido DAO Technical Analysis
Buyers appear to be in control. By building on the gains of June 19, optimistic bulls are doubling down. Thus far, LDO coin prices are trading above $0.60, reversing the losses of June 18, signaling strength. As per the setup in the daily chart, traders can search for entries in lower time frames and load the dip, targeting $0.95 in the short term. This reaction point flashes with May 2022 lows and is a crucial resistance level, previous support. However, how fast LDO token prices would expand to $0.95 largely depend on underlying trading volumes pointing to demand.
What to Expect from LDO crypto?
Per the LDO technical analysis in the daily chart, prices are bottoming up from 2022 lows. The immediate support is at last week's lows at $0.41. Meanwhile, sustained gains could see the coin add another 45 percent to retest May 2022 lows.