The LDO asset is exhibiting bullish strength and rising capacity as it holds above major 50-day, and 200-day EMA's. furthermore, the asset has displayed bullish behavior, as MACD stand at 0.069 above zero line and the RSI has flashed at 68.10, meaning that the LDO asset has not faced much resistance yet and can continue rally higher.
At press time, the LIDO crypto has experienced a surge of 8.75% in the last 24 hours, and traded at $2.570.
therefore, if the demand for the the LDO asset price increases, it could continue rallying from the current level. The next target for the price could be to reach $3.00, and $3.50 mark.
However, if the Lido DAO crypto price fails to stay above the $2.0 level and trades back into the wedge, it could decline further, as the bullish pattern would lose its importance in that scenario.
At press time, the LIDO crypto has experienced a surge of 8.75% in the last 24 hours, and traded at $2.570.
therefore, if the demand for the the LDO asset price increases, it could continue rallying from the current level. The next target for the price could be to reach $3.00, and $3.50 mark.
However, if the Lido DAO crypto price fails to stay above the $2.0 level and trades back into the wedge, it could decline further, as the bullish pattern would lose its importance in that scenario.