The post Golden Cross Noted on the LDO Chart; What Next? appeared on BitcoinEthereumNews.com.

Lido Dao (LDO) price is gaining momentum and broke trading the 20, 50, 100, and 200-day EMAs, indicating bullishness in the previous trading sessions. The chart also shows that the price is taking support from the 200 Day EMA levels indicating buyers’ presence. The crypto has repeatedly touched the demand area around $2.108 and bounced back with support. Buyers have gained momentum and are targeting the $2.657 level in the upcoming sessions. The chart pattern reveals a turbulent movement in the past months, with the crypto facing many rejections from the supply zone of $2.600. The higher levels near $2.108 served as a support area, and the crypto rebounded from there, making the price move in a tight range. Moreover, the crypto’s path shows that above $2.700, the zone is bullish, and a surge could happen. But, if more rejection occurs, then the crypto will keep trading in the congestion zone. Likewise, below $2.100, bearishness could increase. At the time of writing, Lido Dao crypto was trading at $2.315 with a daily gain of 2.57% breaking below the 200-day EMA, showing bullishness on the charts. Furthermore, the daily trading volume is 100.684 Million The market cap of Lido Dao crypto is $2.032 Billion. Technical Analysis of Lido Dao Source: Tradingview The Lido Dao crypto (USD: LDO) is trading over the 50 and 200-day exponential moving averages (EMAs), which is a positive sign. But, if more buyers join in, then the price could back the bullish trend by making higher peaks and new peaks. So, the Lido Dao price is likely to go up giving bullish outlooks over the daily time frame chart. The RSI value is 48.98 points. The 14 SMA is near the middle line at 53.22 points which shows that the Lido Dao crypto is balanced. The MACD…

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Filed under: News - @ December 12, 2023 8:22 pm