LDO, ARB, OP Display Strength Despite Latest Regulatory Hurdle

• LDO bears tried to override bulls at $2.39 but bulls pushed back.
• ARB’s RSI showed that buyers were in control despite appearing red candles.
• OP’s price action could remain bullish in the short term.

The price of Lido DAO Token (LDO), Optimism (OP), and Arbitrum (ARB) significantly increased in the last 24 hours. The increase in value ensured that these tokens were some of the biggest gainers out of the top 50 assets per market capitalization.

However, that was not the most bewildering part. It was the fact that the many assets painted the market green at a time when the industry faced another regulatory fight.

Just a day after suing Binance, the SEC added Coinbase to the list of exchanges that went against U.S. policies regarding digital assets. As the matter unfolded, here’s how the tokens linked to the Ethereum (ETH) blockchain reacted.

Lido DAO Token (LDO)

LDO formed a reverse bullish candle, gaining 8.33% in the process. For a while, the native token of the liquid staking platform Lido Finance has hovered around consolidation.

On the 4-hour LDO/USD chart, the token found support at $2.16. And it was backed by Bitcoin’s (BTC) price ris…

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