Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Is Lido (LDO) finally ready to turn around? Analyst predicts a rise to $36
ALTCOIN NEWS

Is Lido (LDO) finally ready to turn around? Analyst predicts a rise to $36

By Crypto FlexsSeptember 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Lido (LDO) finally ready to turn around? Analyst predicts a rise to
Share
Facebook Twitter LinkedIn Pinterest Email
  • Cryptocurrency analysts suggest that Lido (LDO) could rise to $8.8, $16.6, and even $36.9.
  • Despite the downtrend, key indicators indicate a potential change in LDO market direction.

Lido (LDO) has been in a downtrend over the past year, down 35% since the beginning of the year. This bearish momentum has been more short-lived, with LDO down 3.3% over the past 24 hours, falling below the key psychological level of $1.

Currently, LDO is trading at $0.9919, down significantly from its 24-hour high of $1.03. Despite this continued bearish performance, some analysts believe a potential reversal is looming.

Lido, on the verge of a strong reversal

According to a recent analysis of X from CryptoBullet, LDO appears to be gearing up for a multi-month rally. According to the analyst, LDO’s weekly chart shows a “beautiful leading diagonal” pattern, which suggests that it could be a good time to buy the asset.

Lido (LDO) chart shared by CryptoBullet

Source: CryptoBullet on X

The analyst noted:

“I like this chart. Beautiful leading diagonal. If you want to buy LDO, I think this is the best time to do so. I expect a rally for a few months.”

CryptoBullet has given three targets for a potential rally: $8.8, $16.6 (the main target), and $36.9 if bullish momentum strengthens. While this outlook looks promising, it is worth looking into LDO’s fundamental indicators to assess the likelihood of such a rally.

Active addresses and outstanding interest

Looking at the fundamentals of LDO can give us insight into the current state of the asset. One important indicator is retail interest, which is reflected in the number of active addresses interacting with the network.

data According to a report from Santiment, active addresses on LDO have been steadily declining since peaking at over 7,500 in April. According to the latest figures, the metric currently stands at 4,211, down about 5% from the 5,000 active addresses recorded last month.

Source: SantimentSource: Santiment

Source: Santiment

A decrease in active addresses suggests that retail interest in LDO is decreasing, which could impact price action. In general, a decrease in active addresses indicates a decrease in network activity, potentially indicating a lack of participation or trust among retail investors.

This decline could put additional downward pressure on the LDO price in the short term, making it difficult for the asset to break out of its current downtrend.

However, if the expected rally materializes and market sentiment changes, active addresses may increase, indicating renewed investor interest.

In addition to retail activity, examining outstanding commitments provides a broader view of market participants’ positions on LDOs.

data According to Coinglass, LDO’s open interest has decreased by 3.95%, currently standing at $49.95 million. Conversely, the asset’s open interest volume has increased significantly, by 68.91%, to $63.21 million.

Source: CoinglassSource: Coinglass

Source: Coinglass

How about the price?

This difference in the open contracts indicator suggests that while the total value of active contracts has declined, the number of contracts being traded has surged.

This scenario may indicate heightened speculative activity, with traders increasing their positions in anticipation of potential price moves.


Realistic or not, here is LDO’s market cap in BTC terms.


Despite a decline in overall open interest value, the increase in open interest volume may indicate that traders are preparing for potential market changes.

If CryptoBullet’s bullish prediction comes true, this increased trading activity could provide LDO with the momentum it needs to reverse its current downtrend.

Next: Examining Dogecoin’s Price Trend While DOGE Tests Key Support

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

‘Fat Apps’ can lead the cryptographic story in the next few months.

September 11, 2025

Binance explodes 466m LUNC with oblivion: revival play or special effect?

September 4, 2025

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Stop Dreaming About The Lottery. Join H Mining And Start Earning!

September 14, 2025

Web3 EXEC warns that the US dollar Stablecoin end game is not priced.

September 14, 2025

Binance’s new Defi Initiative sparked Rollish Momentum, and BNB hit a new ATH of more than $ 900.

September 13, 2025

Top 5 Crypto PR Agencies to Scale Your Blockchain Project in Europe

September 13, 2025

The price of Etherrium surges beyond $ 4,500. -Main level for monitoring more profits

September 12, 2025

BNBCapital Emerges As Top Immutable DeFi Protocol With 239% Returns And Zero Admin Functions

September 12, 2025

MEXC Enhances Futures Trading With Multi-Asset Margin Mode Across 14 Tokens

September 12, 2025

Ethereum Based Meme Coin Pepeto Presale Past $6.6 Million As Exchange Demo Launches

September 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How SWLMiner Could Help You Get The IPhone 17 Air

September 15, 2025

Metabuses are increasing again -Records in August +13k NFT users

September 15, 2025

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025
Most Popular

Trump friend Lutnick plans to expand $2 billion in Tether and Bitcoin lending: WSJ

November 24, 2024

I got scammed please help

September 24, 2024

Bitcoin investors invest $500 million in spot BTC at below market price

July 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.