Lido DAO Trends: Anticipation Grows for $3.80 Milestone

The latest data shows that the prominent decentralized autonomous organization Lido DAO is seeing rises and falls in value. The reports point out that the platform has been continuously moving back and forth in terms of value but can reportedly rise above the $3.80 spot. The reported prediction about the Lido DAO ($LDO) is that it may reach $22 if it breaks the $3.80 resistance.

The #crypto market is ripe with opportunities.

Check out #LidoDAO, for instance, it continues to consolidate inside an ascending triangle. A sustained break out above $3.80 could send $LDO to $22! pic.twitter.com/bXMSUVubtX

— Ali (@ali_charts) March 17, 2024

Lido DAO’s Native Token May Reach $3.80 According to Prediction

The present price of the token is nearly $2.83. On the other hand, statistics have disclosed that it has lost up to -3.13% during the previous twenty-four hours. In the respective time, the token witnessed a decrease of nearly -4.71% in terms of value. Particularly in comparison with the top crypto Bitcoin, it recorded almost -2.17%.

However, while keeping in view the overall market sentiment about the token, the anticipated price movement is optimistic. It is predicted that the coin may keep on rising to touch the level of approximately $3.80. If the token reaches the respective figure by the 21^st of March this year, it will be a huge jump. This would denote a 29.82% price rise for the token in the upcoming five days.

In the case of LDO’s performance in the last month, the token has gone through a -12.11% decline. Nonetheless, the coin’s medium-term trend has shown a bullish sentiment. In this respect, the token has jumped by 34.02% in the recent three months.

The Overall market Sentiment of LDO Shows Optimism

In addition to this, the coin’s long-term picture has been optimistic. At the moment, LDO is reflecting a 12.96% price change over the year. On the current day in 2023, the token was changing hands at nearly $2.51. Back in 2021’s August, LDO reached its peak value at $7.28. Furthermore, the token’s place is 81 on the Fear & Greed index, indicating the positive outlook of the investors about the token.