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The Lido Dao price is soared 27% in the last 24 hours to trade at $3.81 as of 11:41 p.m. EST as trading volume surged 118% to $349 million.
Lido Dao Price Breaks Above The Bullish Pennant
The Lido Dao price has gradually increased from the $1.41 support level, providing a robust foundation for bullish momentum. However, the price underwent a consolidation phase, forming a bullish pennant pattern that typically signals a continuation of the upward trend.
The presence of a golden cross at $1.85 beneath the lower boundary of the consolidation suggests the potential for further upward movement, which enabled the bulls to push the price to the $4.01 resistance level.
Currently, the price is trading above the 50-day and 200-day moving averages, serving as immediate support levels for Lido Dao.
The relative strength index (RSI) is trading upwards at 68, rebounding from the 50 midline level, indicating intense buying pressure. A little push in the bullish momentum could see the RSI enter the overbought zone.
Lido Dao Price Prediction
The bulls show more efforts to propel the LDO price to higher levels. With sustained bullish momentum, there is potential for the bulls to target the $5 threshold in January.
However, encountering the resistance point at $4 might allow bears to regain ground, leading to a price descent towards the $2.8 support level aligned with the lower boundary of the bullish flag. If the price drops below this level, the bulls may find support at the $2.03 level.
As the surge in LDO’s price continues, traders looking to diversify their portfolios into projects with significant upside potential may want to explore the Launchpad XYZ token, which is rapidly gaining momentum in its presale project.
Launchpad XYZ Presale Raises $2.48 Million, Buy Fast
The presale phase of Launchpad XYZ has raised a total of $2.48 million with its LPX token priced at $0.0445. But there’s only less than 14 days left before launch.
The Launchpad XYZ platform has been created to provide comprehensive analysis, insights, sentiment assessments, and data to facilitate investment in areas from utility tokens to non-fungible tokens and yield farming.
The platform allows you to explore newly released NFT mints, gain early access to exclusive presales, and enjoy discounts on products and services Launchpad XYZ partners offer.
🔎 On-chain analytics involves analysing blockchain data for investment insights.
Look at transaction volumes, active addresses, etc. #Crypto #Web3 #AltSeason pic.twitter.com/m6hFXl8Mb4
— Launchpad.xyz (@launchpadlpx) December 30, 2023
Benefits On DEX, Access P2E Game Versions
When you hold a minimum of 10,000 LPX tokens, the platform allows you to explore beta versions of play-to-earn, enabling you to stay up-to-date on game development progress and make informed decisions on in-game crypto tokens.
The decentralized exchange (DEX) gives you the advantage of lower trading fees on the Launchpad XYZ exchange, potentially boosting the utility and value of LPX tokens.
🚀 Outsmart the market with #LaunchpadXYZ's AI insights
Elevate your #Trading game! 🔥#LaunchpadKnows #Web3 #Crypto pic.twitter.com/gcZDqATf8F
— Launchpad.xyz (@launchpadlpx) November 9, 2023
Alessandro De Crypto, a popular YouTuber and crypto expert, predicts that LPX will potentially witness parabolic growth once it launches on exchanges.
https://youtu.be/3qvSMVDi4Yc
You can buy Launchpad XYZ on its official website by connecting your digital wallet and swapping your ETH, USDT or BNB for LPX tokens.
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