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The Lido DAO price surged 22% in the last week and almost 7% in the past 24 hours to trade for $2.0140 as of 01:15 a.m. EST.
Trading volume soared 77%, suggesting a strong bullish conviction among traders.
3 years ago, in July 2021, $LDO price was $1.85 and had a market cap of $40 million.
Today, $LDO price is $1.85 and has a market cap of $1.7 billion.
How? Magic fundamentals. pic.twitter.com/7Ra5ff4GzB
— Res (@resdegen) July 17, 2024
Traders are now calling strong bullish bets on the Lido DAO price, anticipating more gains as rumors of an altcoin season brew.
#LDO/USDT $LDO is on my Top 5 List of Altcoins for this Bull Run🏆
Market Cap is only $1.6Bln (nothing for strong project)😳
800 Days of Accumulating inside an Ascending Channel so far, Double Digits potential🔥
FULL SEND🚀
Conservative Targets imo:
🎯 6$
🎯 9.5$
🎯… pic.twitter.com/3fPxJma3Nj— Alex Clay (@cryptclay) July 17, 2024
Traders attribute the surge in the Lido DAO price to the show of strength in the Bitcoin market. With this, they say, a further upside momentum for BTC could send altcoins like LDO soaring.
$LDO shows strength on the charts and is progressing following the confirmation of the $1.4 support level. If Bitcoin continues to rise, we may hit our $2.70 goal much sooner than anticipated!
Before, we've recorded a 120% profit growth on it. pic.twitter.com/b4FP58cTe6— Decilizer (@decilizer) July 18, 2024
Lido DAO Price Prediction
The Lido DAO price has recorded massive volatility over the past few weeks as it consolidated within a descending parallel channel. The LDO price has attempted to escape multiple times on multiple occasions but has suffered rejection.
As it continues the uptrend, if bullish momentum exceeds selling pressure oozing from the upper boundary of the channel, the Lido DAO price could overcome this resistance. A candlestick close above $2.6155 would confirm the escape from the bearish technical formation.
Based on the outlook of the Relative Strength Index (RSI), momentum is rising and has breached the mean level of 50. This shows the bulls are leading the charge, and the Lido DAO price could extend the gains. The Moving Average Convergence Divergence (MACD) is also above the signal line (orange band), increasing the chances of a further upside.
Traders looking to take long positions on the LDO token should wait for a decisive candlestick close above the $2.6155 level. Beyond this level, the altcoin could extend the gains to the $3.000 psychological level. In a highly bullish case, it could extend the gains to $3.6439, levels last tested on March 13.
GeckoTerminal: LDO/USD 1-day chart
Conversely, early profit booking could interrupt the rally, with the Lido DAO price likely to retract and test the $1.5136 support level. A breakdown of this buyer congestion level would negate the bullish thesis.
As the Lido DAO price pushes to maintain its directional bias, some traders are shifting to a very bullish AI meme-coin presale called WienerAI (WAI).
The Crypto Mark, a digital assets YouTuber and industry pundit, says the project is a good buy and encourages investors to enter on the ground floor as launch plans ramp up.
Promising Alternatives To Lido DAO
WienerAI is a canine-themed meme coin that brings sophisticated AI technology and unprecedented utility into the light-hearted crypto space.
More than just a bot–WienerAI is your ultimate crypto trading companion.
We're delighted to share some sneak peeks with our incredible and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
The project will soon launch a trading bot that’s trained to analyze the crypto markets. The WAI bot will help traders and investors identify profit-making opportunities as soon as they appear. The project also offers tools that enable traders to seize opportunities quickly before they disappear.
By introducing a seamless token swap solution and MEV protection, WienerAI will also help traders identify and take advantage of scalp opportunities in the highly volatile crypto market.
Grab the golden bone before it’s too late!
Join WienerAI now and secure your spot in the trading revolution 🌟🌭 pic.twitter.com/aLh8M4VxHj
— WienerAI (@WienerDogAI) July 9, 2024
More than $7.5 million has been raised through WienerAI’s ongoing presale, signaling strong investor confidence in the project’s future.
We raised $7.5M! This is your last chance to join before we launch 🌭🤖 pic.twitter.com/BFbbgVys3o
— WienerAI (@WienerDogAI) July 17, 2024
Renowned crypto YouTuber ClayBro recently echoed this bullish outlook on the meme coin. In one of his videos to his 130,000 subscribers, he predicted that WAI could surge 10X after listing.
WAI’s presale is now in its final stage, and investors have less than 13 days left to buy the token before it lists.
Don't miss out!
WienerAI presale ends on July 31st. Secure your tokens now and join the trading revolution! 🌭🤖 pic.twitter.com/PyYEPwDtl2
— WienerAI (@WienerDogAI) July 10, 2024
With WAI’s ICO coming to an end, this is also the last chance for investors to become eligible for its lucrative staking opportunity. Anyone who buys and locks up WAI at this early stage gains access to a 149% annual return.
WienerAI is about to take off!
Get ready for a new era in AI-powered trading 🌭🚀 pic.twitter.com/jnw52GIQjc
— WienerAI (@WienerDogAI) July 15, 2024
To acquire the token, use the simple buy widget embedded on the project’s website. WAI is selling for $0.00073 and is available for purchase using ETH, USDT, BNB, or bank card.
Also Read:
- How to Buy WienerAI – $WAI Presale Review
- WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
- Best AI Crypto Coin Projects: Top Picks for 2023
- New AI Meme Coin Presale WienerAI Unveils Trading Bot AI Companion, Laps Up $700K
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