LDO Price Prediction: Rise of 30.51% in 5 Days

Lido DAO Token (LDO) is expected to surge by 30.51% in the next five days, reaching a predicted price of $3.72 by March 28, 2024. This forecast is based on technical analysis and market sentiment, with LDO currently trading at $2.89 and exhibiting a neutral sentiment. Despite a recent decline of 5.33% over the past month, LDO has experienced a positive 36.23% change since last year.

Table of Contents

• LDO price is expected to rise by 30.51% in the next 5 days according to our Lido DAO Token price prediction
• LDO Price Prediction Chart
• What has been going on with Lido DAO Token in the last 30 days
• Lido DAO Token technical analysis for today - Mar 23, 2024
• Neutral sentiment for Lido DAO Token
• Crypto market is currently experiencing Greed
• Lido DAO Token moving averages & oscillators
• The bottom line about this Lido DAO Token prediction

• Lido DAO Token is up 4.28% today against the US Dollar
• LDO/BTC increased by 2.45% today
• LDO/ETH increased by 2.67% today
• Lido DAO Token is currently trading 22.37% below our prediction on Mar 28, 2024
• Lido DAO Token dropped -5.33% in the last month and is up 36.23% since 1 year ago

LDO price is expected to rise by 30.51% in the next 5 days according to our Lido DAO Token price prediction

Lido DAO Token price today is trading at $ 2.89 after gaining 4.28% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.51% in the same time period. LDO performed well against BTC today and recorded a 2.45% gain against the world’s largest cryptocurrency.

According to our Lido DAO Token price prediction, LDO is expected to reach a price of $ 3.72 by Mar 28, 2024. This would represent a 30.51% price increase for LDO in the next 5 days.

LDO Price Prediction Chart

Buy/Sell Lido DAO Token

What has been going on with Lido DAO Token in the last 30 days

Lido DAO Token has been displaying a negative trend recently, as the coin lost -5.33% in the last 30-days. The medium-term trend for Lido DAO Token has been bullish, with LDO increasing by 18.90% in the last 3 months. The long-term picture for Lido DAO Token has been positive, as LDO is currently displaying a 36.23% 1-year price change. On this day last year, LDO was trading at $ 2.12.

Lido DAO Token reached its all-time high price on Aug 20, 2021, when the price of LDO peaked at $ 7.28. The current LDO cycle high is $ 4.00, while the cycle low is at $ 0.404540. LDO has been displaying high volatility recently – the 1-month volatility of the coin is at 10.35. Lido DAO Token recorded 11 green days in the last 30 days.

Lido DAO Token technical analysis for today - Mar 23, 2024

The sentiment in the Lido DAO Token markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 2.65, $ 2.56 and $ 2.43, while $ 2.87, $ 3.00 and $ 3.09 are the key resistance levels.

Neutral sentiment for Lido DAO Token

16 indicators are currently signaling a bullish prediction for Lido DAO Token, while 10 indicators are showing a bearish forecast. With 62% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Lido DAO Token.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 73 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Lido DAO Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Lido DAO Token is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Lido DAO Token is at 42.47, suggesting that LDO is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Lido DAO Token over the last 50 days. Currently, Lido DAO Token is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LDO closing price for the last 200 days. LDO is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Lido DAO Token prediction

After considering the above factors, we can conclude that the current forecast for Lido DAO Token price prediction is Neutral. LDO would have to increase by 30.51% to hit our $ 3.72 target within the next five days. Moving forward, it will be important to monitor the LDO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Lido DAO Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.