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Lido DAO (LDO) has taken off from the critical area!
Lido DAO (LDO), which recently pinned an important support level, experienced a 50 percent increase with the reaction it received from here.
LDO, which has managed to become one of the popular cryptocurrencies of 2023, has not gone unnoticed with its recent bullish movements. The popular coin, which recovered quickly after the corrections made by BTC, does not give up its upward course. With an increase of 18.25 percent in the last 24 hours, can the LDO, which entered the "Most Very Ascendant" list, maintain this momentum? How are things progressing on the technical side?
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With the BTC coming to $40,500, the LDO, which threw a needle at $2.06, came to $2.96 with the buyer base it caught from here. The popular coin, which has increased by 50% in just a few days, has started to give signals for ATH. Looking at the current situation, if the LDO, which is at $2.80, exceeds $3,323, a move to $3,884 may come. Unless there is an incredible sell-off at $3,884, the new ATH will be highly likely.
If there are sharp declines in Ethereum, if BTC hangs back to $40,000 or if LDO fails to exceed $3.03, the pair will gradually lose its strength. In such a scenario, easing to $2,636 can be followed first. After that, a reaction can be expected at $2,418 – $2,238 and $2,069, respectively.
Lido DAO is a project that allows users to stake and create nodes in a liquid way on many blockchains, especially Ethereum. LDO token is the native token of the platform and provides the right to vote in governance on the platform, to determine the amount and distribution of fees, and to govern the network supports to be added.