The post LDO bounces from its range lows – Is this a buying opportunity? appeared on BitcoinEthereumNews.com.

Governance token of Lido DAO has been quick to climb from the $1.5-level Lido v3 upgrade appeared to boost bullish sentiment across the board Lido DAO [LDO] introduced Lido v3, an upgrade that adds flexibility to Lido on Ethereum [ETH]. Lido is the largest liquid staking protocol with over $25.5 billion in total value locked (TVL) and allows users to stake their assets and receive stETH in return. In turn, this can be used in Decentralized Finance (DeFi) applications while the user still earns the staking rewards. The upgrade introduces stVaults (staking Vaults), which are modular smart contracts that allow users, specifically institutional ones, to tailor staking setups. This means that parameters such as validation, fee structures, and risk-reward profiles, among others, can be configured to meet the needs of a wide variety of stakers. As the platform’s native token and governance token for Lido DAO, LDO saw some price appreciation after the news. Hence, the question – Should investors add the token to their portfolios now? LDO bounces from range lows, sentiment at 9-month high Source: LDO/USDT on TradingView The Lido DAO governance token has traded within a range since December. It appeared to fall below the lows last weekend, but was quick to bounce higher from $1.5. And yet, its technical indicators remained bearishly inclined. The CMF was below -0.05 to highlight significant capital outflows, and the MACD was below the zero line – A sign of bearishness. Source: Santiment Crowd sentiment has picked up too, climbing to a 9-month high, as observed by Santiment’s analyst Brian. This also came at a time when most of the altcoin market flashed bearish signals. Rising whale activity could also be a sign of accumulation of LDO tokens. Source: Santiment Other on-chain metrics showed scope for LDO’s growth. The mean coin…

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Filed under: News - @ February 15, 2025 11:14 pm