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Lido DAO price has surged 17% over the past seven days as the token is traded. $3.2 8:25 AM EST.
Addressing his 39.5KX (Twitter) followers, Ali said that Lido DAO could form an ascending triangle on the weekly charts.
He believes that a break above the $3.30 level could trigger a bullish breakout, potentially pushing $LDO toward an all-time high of $6.
#Lidodao It is forming an ascending triangle on the weekly chart.
Watch the $3.30 level closely! A sustained weekly close above this mark could trigger a bullish breakout and potentially provide momentum. $LDO It is heading towards a new all-time high of $6. pic.twitter.com/1JTkOnYbPt
— Ali (@ali_charts) January 3, 2024
Lido DAO price prediction
Analysis of the 2-hour LDO/USD chart shows that Lido DAO price is preparing for a bullish breakout. This comes as the Relative Strength Index indicator is currently above 50 and heading north, indicating increasing buying pressure.
The MACD indicator is also moving back into the green zone, showing that bullish pressure is building for the token.
Lido DAO price is moving within a range, leaving open the possibility of a breakout on either side. If the bulls break the $3.3 resistance level, a bullish breakout for Lido DAO price may be imminent.
The 50-day moving average also exceeded the 200-day moving average, supporting the bullish outlook for the token. The level of volatility in LDO is high, as can be seen from the Bollinger Bands, which are currently far apart.
However, these levels are likely to decline in the near term due to reduced trading activity, which has seen the token’s trading volume fall by 26% in the last 24 hours.
2-hour LDO/USD chart | Source: TradingView
Meanwhile, with Lido DAO price rising, Sponge V2 is emerging as another great investment option for investors. Explosive potential for 2024 reservations.
Lido DAO Price Prediction: Is SPONGEV2 a Good Choice?
Sponge V2, an improved version of Sponge V1, is ready to hit the market again just like its predecessor, Sponge V1, did last year. V1 surged a whopping 100 times in 2023.
notable support
Justin Sun, founder of Tron and advisor to Huobi Global, is a supporter of the upcoming Sponge V2. teaThe wallet is ‘Justin Sun 4’, As observed in EtherscanThere are 108 million SPONGE V1 in stock, worth $43,246.
Justin Sun is holding this. #memecoin :OI I won’t say any more… This can be destroyed #snake and #pepe..! person who remembers #sponge?! 🫢🔥$sponge V2 is also making big moves in the market. #thunder My very own Justin Sun has $50,000 worth of SPONGE! 😮 💎💎
Dior -… pic.twitter.com/ULzSDJdYnS
— Jacob Crypto Bury (@BuryCrypto) January 4, 2024
For investors interested in the Stake-to-Bridge initiative Sponge V2, it is recommended that you take immediate action. Participating in Sponge V1 staking offers a simple process with a token price of $0.000580. Considering that these tokens are exclusively accessible through Stake-To-Bridge, you will need to purchase and stake V1 tokens to acquire Sponge V2.
📣 We are excited to announce this. #sponge Connects from V1 to V2!
your $sponge Earn #SpongeV2 token. 🧽︎
Buy and stake now to receive special V2 token bonuses! Don’t miss it 🔥#memecoin #web3 #bull market pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023
Those who missed Sponge V1 last year got a second chance with SPONGEV2.
Get SPONGEV2 tokens here.
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