Lido DAO’s Local Token Soars in Value with Strategic Market Moves
Main Idea
Lido DAO's native token LDO surged 68% in price due to anticipation around its first tokenholder update, with potential for further short-term gains but also risks of a pullback.
Key Points
1. LDO's price increased by 68% over the past week, driven by excitement for the upcoming Lido DAO Tokenholder Update.
2. New addresses holding LDO surged by 292%, indicating heightened investor interest.
3. The NUPL metric suggests LDO is nearing a critical threshold, which historically signals potential short-term price declines.
4. LDO's price reached $1.53, just below the resistance level of $1.56; surpassing this could target $1.82 or even $2.00.
5. Experts warn of a possible pullback below $1.34 if profit-taking occurs, despite the current bullish momentum.
Description
LDO's price saw a remarkable 68% increase in the past week. Anticipation for the Lido DAO Tokenholder Update boosted investor sentiment positively. Continue Reading: Lido DAO’s Local Token Soars in Value with Strategic Market Moves The post Lido DAO’s Local Token Soars in Value with Strategic Market Moves appeared first on COINTURK NEWS .
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