In this Lido DAO (LDO) price prediction 2023, 2024-2030, we will analyze the price patterns of LDO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
Lido DAO (LDO) Current Market Status
What is Lido DAO (LDO)
Lido DAO is a decentralized autonomous organization focused on providing liquid staking solutions for blockchain assets. Lido DAO (LDO) is the native utility token of the Lido decentralized finance (DeFi) protocol Established on the Ethereum network, Lido enables users to stake their tokens, such as Ethereum, into the network without compromising liquidity. Governed by its community through a decentralized governance model, Lido DAO allows participants to contribute and vote on protocol upgrades. Lido addresses the liquidity problem associated with staking, making it an innovative and user-friendly platform within the broader decentralized finance (DeFi) ecosystem.
Lido DAO 24H Technicals
(Source: TradingView)
Lido DAO (LDO) Price Prediction 2023
Lido DAO (LDO) ranks 32nd on CoinMarketCap in terms of its market capitalization. The overview of the Lido DAO price prediction for 2023 is explained below with a daily time frame.
LDO/USDT Rounding Bottom Pattern (Source: TradingView)
In the above chart, Lido DAO (LDO) laid out a horizontal channel pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.
At the time of analysis, the price of Lido DAO (LDO) was recorded at $2.39. If the pattern trend continues, then the price of LDO might reach the resistance levels of $2.543 and $4.146. If the trend reverses, then the price of LDO may fall to the support of $1.458.
Lido DAO (LDO) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Lido DAO (LDO) in 2023.
LDO/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as the resistance and support levels of Lido DAO (LDO) for 2023.
LDO Resistance & Support Levels
Lido DAO (LDO) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Lido DAO (LDO) are shown in the chart below.
LDO/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Lido DAO (LDO) market in 2023.
Lido DAO (LDO) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Lido DAO (LDO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
LDO/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Lido DAO (LDO).
Comparison of LDO with BTC, ETH
Let us now compare the price movements of Lido DAO (LDO) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs LDO Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of LDO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LDO also increases or decreases respectively.
Lido DAO (LDO) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Lido DAO (LDO) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion
If Lido DAO (LDO) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Lido DAO (LDO) price prediction for 2023 is $3.278. Comparatively, the bearish Lido DAO (LDO) price prediction for 2023 is $1.449.
If there is a positive elevation in the market momentum and investors’ sentiment, then Lido DAO (LDO) might hit $5. Furthermore, with future upgrades and advancements in the Lido DAO ecosystem, LDO might surpass its current all-time high (ATH) of $11.00 and mark its new ATH.
This content was originally published by our partners at The News Crypto.