Lido Dao Coin Climbs As Crypto Winter Melts - Can It Triple?

Lido Dao Coin Climbs As Crypto Winter Melts – Can It Triple?

Updated: 05 July 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Lido Dao Coin jumped more than 15% in the past 24 hours as it rode upbeat sentiment after Ripple’s stunning partial legal win against the Securities and Exchange Commission on Thursday.

Trading volume rocketed 930% in the past 24 hours, according to CoinMarketCap data. Market cap reached $2 million for a 24% increase.

While it’s up up 146% this year to stand at $2.39, it remains well below its all-time high of $7.30. Can it more than triple to reach that level again?

The asset is experiencing a positive sentiment with a Bullish outlook, according to one sentiment indicator, while the Fear & Greed Index indicates a level of 60 (Greed).

Over the past 30 days, Lido DAO Token has experienced 17 out of 30 days of positive performance and has exhibited price volatility of about 6.7%.

Lido DAO ($LDO) Price Overview Using Technical Indicators

According to the daily chart, LDO/USDT trades above the 50-Day and 200-Day Simple Moving Average (SMA) indicators, typically suggesting a bullish trend.

This indicates that the asset’s average price over the short term and long term period is higher, which may attract more buyers and lead to further price increases.

The Moving Average Convergence Divergence (MACD) trades above its signal line, and the histogram bar has formed one strong green candle above the zero line.

Lido Dao’s Bullish Sentiment

This indicates that Lido DAO ($LDO) is witnessing a bullish sentiment, and likely rising prices. Furthermore, the asset’s Relative Strength Index (RSI) value is 66.6 (Neutral), indicating a relatively balanced market between buyers and sellers.

However, if the bullish momentum strengthens and the RSI surpasses the 70 threshold, it will clearly indicate a bullish trend in the market.

The chart above shows that the trading pairs have formed a daily green candle heading toward the first significant resistance level of $2.550. The chart indicates that the price will likely break the primary resistance point before today’s trading session ends.

If the price successfully breaches this point, traders’ next point of interest (POI) will be at the $3.295 price mark. It is important to note that LDO/USDT has a primary support level of $1.617 and a secondary level of $0.921.

Wall Street Memes

Wall Street Memes (WSM) launched its presale on May 26. It is one of the most outstanding presales 2023 and has gained more than four million investors. Wall Street Memes creates and shares memes for investors aiming to challenge great Wall Street whales.

https://twitter.com/wallstmemes/status/1662474606794493954

This cryptocurrency has become one of the most critical phenomena in a world where digital assets control. It uses blockchain technology to guarantee security, decentralization, and transparency.

Wall Street Memes’ long-term vision doesn’t stop at being a cryptocurrency; they aim at creating a platform where its users can, within the community, exchange goods, services, and digital assets.

Features of Wall Street Memes

Decentralized financial ecosystem
Meme-based interactions
Blockchain technology and smart contract
Community-driven approach

Wall Street Memes Presale

The $WSM presale has earned above $14 million, and in no distant time, it will reach its hard cap of $15,441,744.63.

1 WSM is worth $0.316 at the time of writing and will climb to $0.0319 in no distant time.

How to Buy Wall Street Meme Token

Investors can buy Wall Street Memes using ETH, USDt, BNB, or credit or debit card.

Visit the website https:wallstreetmemes.com/en#walletbox, and tap on buy now.
Send BNB or ETH to your wallet and swap for $WSM.
Investors can equally buy $SWM tokens using USDT – ERC-20 or BEP-20. You can swap the USDT option and swap your preferred amount.
If you prefer plastic, you can easily use your crypto wallet address and order $WSM tokens with your bank card.