Lido DAO (LDO) analysis shows a bullish trend for the day as buyers’ participation has increased and more buying activity has been taking place in the market. The bullish rally has been continuous for the last several hours today, and the price overcame $1.42 resistance during this time.
As the bullish momentum intensifies, further improvement in LDO/USD market value is expected as bulls are preparing to challenge the $1.42 resistance next. The buyers must remain persistent to achieve their next aim. The Lido DAO’s trading volume has also increased to $78 million, showing that investors are taking a keen interest in the token. while the market cap stands at $1.139 billion.
The LDO token has surged by more than 13% in the last 24 hours and is currently trading at $1.37. The token has been on an impressive run for the past week, registering gains of nearly 45%. The market sentiments are highly optimistic following this price surge and traders will be closely looking out for further upward movement of the LDO token.
The recent bull run in Lido DAO has been quite remarkable and it look …
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Source: Cryptocurrency - investing.com
