- Lido DAO price analysis shows a downtrend today in the bearish market.
- The LDO token has lost 2.76% to trade at $2.05, a low for today so far.
- Support for LDO/USD is present at the $2.00 level.
Recent Lido DAO price analysis shows the bears have been able to suppress the price levels below the $2.15 level during the latest downtrend. The bears are reigning the price charts as the price has decreased again during the day. Currently, it is settled on the $2.05 mark and is expected to decrease to an even lower level in the coming hours as well.
The bearish momentum is to extend in the future as well as the broader cryptocurrency market is indicating a downtrend. However, the bulls can still provide some support at $2.00 by holding off the bearish pressure and helping the token find stability. Currently, the resistance for LDO/USD pair lies at the $2.15 level which was breached a few hours ago, however, the bears have taken over and are likely to keep the price from crossing this level in short term.
Looking at the 1-day price chart for LDO Network price analysis shows the price has decreased quite steadily because of the constant increase in bearish momentum. Bears and bulls are in a tug of war and at the current moment, the bears have managed to keep the price below the $2.15 level. The trading volume for the market is currently low at $125 million which has led to a decrease in price.
The moving average (MA) value is still standing high as compared to the current price, i.e., $2.060. The SMA 20 curve is going higher as well because of the previous bullish trend. The Moving average convergence divergence (MACD) line is standing bearish with a value of 0.246 which indicates the bearish trend will continue in near future as well. The Relative Strength Index (RSI) also confirms the bearish market sentiment as it stands at 77.77, way below the oversold level and signaling that there is more bearish pressure to come.
The 4-hour Lido DAO price analysis is showing signs of bearish activity taking place as the price has decreased to a considerable level. The price is standing on the $2.05 mark at present and is expected to move even lower in the upcoming time period. in the 4-hour price chart, the technical indicators are showing a bearish sign, with the MACD line standing below the signal line, indicating a bearish momentum.
The Relative Strength Index (RSI) score has decreased but is in the neutral zone at 48.81, indicating more bearishness ahead. The moving average (MA) value is still standing at $2.07, however, the MA 50 and SMA 20 lines are going south which means that the bearish trend will likely continue in the near future as well.
To sum up, Lido DAO price analysis shows bearish market sentiment engulfing the token. The 4-hour and 1-day charts are showing signs of a bearish trend with prices correcting down to $2.05 and expected to move lower in the future as well.
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 prices have corrected down to $2.05 after a period of bearish markets. Read more in this CE article.){kind=link}