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Can we assume Lido DAO (LDO) to proceed its bull operate?

Emotion pumped? From June 21, 2024, Lido’s experienced an fascinating 20.57% surge about the previous 7 days. Let’s dive into what the foreseeable future may well keep and in which the highway could get bumpy forward!

Catching the Alerts

Details to Observe

  • Obstacles ahead: $2.30 resistance
  • Hold an eye on: $2.40 resistance
  • Lean on: $2.00 help amount

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Hitting the RSI

A peek at the RSI reveals we may be treading into overbought territory, suggesting that upcoming gains could be minimal.

Discovering the Fibonacci

If the barriers at $2.30 and $2.40 keep powerful, a fall to the golden pocket in between $1.997 and $2.016 could be on the horizon.

Chart of the week: Will Lido DAO (LDO) bull run continue - 2

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Connecting the NVT Dots

Dabbling in NVT, Lido seems to be quite valued at the moment. Maintain an eye on all those market place situations – they could flip the script!

Chart of the week: Will Lido DAO (LDO) bull run continue - 3

Glassnode

Summertime sluggishness? Not for the crypto industry! Retain an eye on individuals trendsetters – Bitcoin and Ethereum – they may just sway Lido’s path.

  • Riding the Waves: Lido mirrors Bitcoin and Ethereum traits, so choose notes from their moves.
  • Backing Ethereum: Lido’s dance is all about Ethereum, so keep your eyes peeled for its stances.

Plotting Your Tactic

Emotion the thrill? This is how to navigate the currents:

  • Taking part in it Brief: Test the waters with a limited situation around the $2.30 barrier.
  • Waiting to Strike: Hang restricted for a reentry opportunity all-around the $2.00 aid line.
  • Sector Look at: Keep tabs on Bitcoin and Ethereum – they are the video game-changers.

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