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Cryptocurrency News Articles
Lido DAO (LDO) Price Prediction 2023: Can the LDO Price Witness Multi-Month Rally?
Sep 18, 2024 at 11:45 pm
Lido DAO (LDO) price has witnessed strong selling pressure and has declined by 75% YTD. The bearish trend has halted near the psychological level of $1 and has undergone a short-term consolidation phase.
The price of Lido DAO (CRYPTO: LDO) has declined sharply in 2023. The token opened the year at $3.8 and hit a seven-day high of $3.91 on Jan. 2.
It encountered selling pressure and started a downtrend, which brought the price to a seven-day low of $0.86 on March 13. The token attempted to recover from the lows and began a seven-day rally, which pushed the price to a high of $1.18 on March 19.
The rally faced resistance and began a seven-day downtrend, which brought the price to a seven-day low of $0.86 on March 26. The token encountered buying pressure and started a seven-day rally, which pushed the price to a high of $1.12 on April 2.
The rally faced resistance and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on April 9. The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.11 on April 16.
The rally encountered resistance and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on April 23. The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.08 on April 30.
The seven-day price chart also showed that the price encountered resistance at the 20-day EMA (exponential moving average) and began a seven-day downtrend, which brought the price to a seven-day low of $0.94 on May 7.
The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.05 on May 14. The seven-day price chart also showed that the price encountered resistance at the 200-day EMA and began a seven-day downtrend, which brought the price to a seven-day low of $0.92 on May 21.
The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.02 on May 28. The seven-day price chart also showed that the price encountered resistance at the 20-day EMA and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on June 4.
The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.02 on June 11. The seven-day price chart also showed that the price encountered resistance at the 200-day EMA and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on June 18.
The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.02 on June 25. The seven-day price chart also showed that the price encountered resistance at the 20-day EMA and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on July 2.
The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.02 on July 9. The seven-day price chart also showed that the price encountered resistance at the 200-day EMA and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on July 16.
The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.02 on July 23. The seven-day price chart also showed that the price encountered resistance at the 20-day EMA and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on July 30.
The token encountered buying pressure and started a seven-day rally, which pushed the price to a seven-day high of $1.02 on Aug. 6. The seven-day price chart also showed that the price encountered resistance at the 200-day EMA and began a seven-day downtrend, which brought the price to a seven-day low of $0.88 on Aug. 13.
The token encountered buying pressure and started a seven
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