Lido DAO (LDO) Crypto Price Prediction 2023-2025: Will LDO Hit $10 Soon?

LidoDAO(LDO)管理流动质押协议，主要用于ETH2.0，允许用户质押ETH并获得可交易的stETH，同时赚取奖励。

LidoDAO (LDO) Manages ETH Liquid Staking Protocol, Token Surges 12% in Crypto Market Cap

LidoDAO token price jumped significantly, followed by a rise of 12% in the crypto market cap within just 24 hours of press time. The crypto derivatives support the bulls as a higher short liquidation in the crypto is recorded in the last 24 hours. A total of $1.05M in short liquidation was recorded compared to the long liquidation of $90.61K.

LidoDAO Token Surges Past Crucial Resistance Levels

The LidoDAO token price climbed significantly, followed by a jump of 12% in the crypto market cap within just 24 hours of press time. The LidoDAO token price broke above crucial resistances and was maintained above the same at press time. Moreover, strong bullish candles can be seen on the charts, which support a further rise in the trading price of the crypto.

The LDO crypto price followed a lower low swing structure for a long time, leading to a descending triangle pattern on the charts. The bulls further dominated the crypto price, leading to a strong breakout, bullish candles, and a strong surge in volume. The price is accumulating at higher levels and might break out soon, and the overall price structure is bullish.

The EMAs contradict the overall LDO token price structure as the 50-day and the 200-day EMAs are trading in a death cross. However, the crypto price closed above the 200-day EMA on the daily chart. Thus, a further surge in the crypto price might lead to a golden cross of the EMAs on the daily crypto chart.

The MACD indicator forms a bullish structure as its metrics crossed above the zero level and closed in the bullish trajectory. The RSI has crossed above the 14-day SMA and the 50-level, pushing the price to further higher levels with bullish momentum.

The above is the detailed content of Lido DAO (LDO) Crypto Price Prediction 2023-2025: Will LDO Hit $10 Soon?. For more information, please follow other related articles on the PHP Chinese website!