Lido DAO Token Price Prediction – LDO Price Estimated to Drop to $ 2.14 By Jun 11, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Lido DAO Token is up 14.24% today against the US Dollar
• LDO/BTC increased by 11.64% today
• LDO/ETH increased by 10.46% today
• Lido DAO Token is currently trading 11.46% above our prediction on Jun 11, 2023
• Lido DAO Token gained 28.29% in the last month and is up 119.00% since 1 year ago

LDO price is expected to drop by -10.28% in the next 5 days according to our Lido DAO Token price prediction

Lido DAO Token price today is trading at $ 2.38 after gaining 14.24% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 7.13% in the same time period. LDO performed well against BTC today and recorded a 11.64% gain against the world’s largest cryptocurrency.

According to our Lido DAO Token price prediction, LDO is expected to reach a price of $ 2.14 by Jun 11, 2023. This would represent a -10.28% price decrease for LDO in the next 5 days.

LDO Price Prediction Chart

Buy/Sell Lido DAO Token

What has been going on with Lido DAO Token in the last 30 days

Lido DAO Token has been displaying a positive trend recently, as the coin gained 28.29% in the last 30-days. The medium-term trend for Lido DAO Token has been bearish, with LDO dropping by -1.56% in the last 3 months. The long-term picture for Lido DAO Token has been positive, as LDO is currently displaying a 119.00% 1-year price change. On this day last year, LDO was trading at $ 1.09.

Lido DAO Token reached its all-time high price on Aug 20, 2021, when the price of LDO peaked at $ 7.28. The current LDO cycle high is $ 3.30, while the cycle low is at $ 0.404540. LDO has been displaying low volatility recently – the 1-month volatility of the coin is at 8.00. Lido DAO Token recorded 15 green days in the last 30 days.

Lido DAO Token technical analysis for today - Jun 06, 2023

The sentiment in the Lido DAO Token markets is currently Bullish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 2.08, $ 1.96 and $ 1.84, while $ 2.33, $ 2.45 and $ 2.57 are the key resistance levels.

Bullish sentiment for Lido DAO Token

24 indicators are currently signaling a bullish prediction for Lido DAO Token, while 3 indicators are showing a bearish forecast. With 89% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Lido DAO Token.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 44 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Lido DAO Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Lido DAO Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Lido DAO Token is at 56.35, suggesting that LDO is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Lido DAO Token over the last 50 days. Currently, Lido DAO Token is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LDO closing price for the last 200 days. LDO is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Lido DAO Token prediction

After considering the above factors, we can conclude that the current forecast for Lido DAO Token price prediction is Bullish. LDO would have to decrease by -10.28% to hit our $ 2.14 target within the next five days. Moving forward, it will be important to monitor the LDO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Lido DAO Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.