{"id":506330,"date":"2022-10-14T22:00:51","date_gmt":"2022-10-14T22:00:51","guid":{"rendered":"https:\/\/uniquehot.com\/?p=506330"},"modified":"2024-06-11T13:11:08","modified_gmt":"2024-06-11T13:11:08","slug":"lido-dao-shows-strength-to-breakout-will-the-downtrend-line-be-invalidated","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/lido-dao-shows-strength-to-breakout-will-the-downtrend-line-be-invalidated\/","title":{"rendered":"Lido DAO Shows Strength To Breakout; Will The Downtrend Line Be Invalidated?"},"content":{"rendered":"<ul>\n<li><strong><span data-preserver-spaces=\"true\">LDO price shows strength for the first time after post-merge.<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">LDO bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend line.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">The price of LDO shows bullish signs as price trades below 50 and 200 Exponential Moving Averages (EMA) with good volume.\u00a0<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The price of Lido DAO (LDO) has been one of the best performances before the &#8220;<a href=\"https:\/\/ethereum.org\/en\/upgrades\/merge\/\" target=\"_blank\" rel=\"noopener nofollow\">Ethereum Merge<\/a>,&#8221; outperforming the market as the price rallied to an all-time high of $3 against tether (USDT). Although the crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected, with recovery from BTC altcoins like Lido DAO showed some strength as the aim to begin a rally. (Data from Binance)<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/quant-qnt\/quant-qnt-holds-gains-when-top-cryptos-plummet-following-btc\/\" target=\"_blank\" rel=\"noopener \">Quant (QNT) Holds Gains When Top Cryptos Plummet Following BTC<\/a><\/div>\n<h2><span data-preserver-spaces=\"true\">Lido DAO (LDO) Price Analysis On The Weekly Chart<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Although the crypto market experienced a sharp decline due to the CPI news, the market appeared to be manipulated as Bitcoin&#8217;s (BTC) price dropped from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with LDO looking to breakout of its downtrend that has made the price become crippled to rally.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With the current rise in the value of Bitcoin Dominance (BTC.D) after a long while, it is still unclear how the current price bounce after the price decline will be sustained. With BTC.D rising, most altcoins will suffer an increased price decline when BTC retraces.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Uptober has been a good month for some altcoins, with many expecting such good moments for LDO after the token returned to the ashes after &#8220;Ethereum Merge&#8221; was successful.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The price of LDO, after the rejection at $3, has seen for of a downtrend than an uptrend as the price has retained its bearish structure despite showing a little glimpse of price bounce to $2.2 but the price face more sell-off as the price declined to a region of $1 before bouncing off.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the price of LDO &#8211; $2.2.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly support for the price of LDO &#8211; $1.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of LDO On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_506332\" aria-describedby=\"caption-attachment-506332\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-506332\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/10\/LDOUSDT_2022-10-14_19-22-54.png?resize=860%2C569\" alt=\"\" width=\"860\" height=\"569\"><figcaption id=\"caption-attachment-506332\" class=\"wp-caption-text\">Daily LDO Price Chart | Source: LDOUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/d8bNtRFH\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The daily timeframe for the price of LDO looks good, showing incredible strength as the price trades below the 50 Exponential Moving Average (EMA), acting as resistance for the price of LDO.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">LDO&#8217;s price currently trades at $1.3 as the price prepares to breakout the descending triangle it has formed. A breakout to the upside could signal a huge rally to the high of $2.2.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the price of LDO &#8211; $2.2.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily support for the price of LDO &#8211; $1.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-pumps-1400\/\" target=\"_blank\" rel=\"noopener \">Ethereum Price Pumps and Looks Ready For Another Leg Higher Over $1,400<\/a><\/div>\n<pre style=\"text-align: center\"><span data-preserver-spaces=\"true\">Featured Image From zipmex, Charts From Tradingview\u00a0<\/span><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>LDO price shows strength for the first time after post-merge. LDO bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend line.\u00a0 The price of LDO shows bullish signs as price trades below 50 and 200 Exponential Moving Averages (EMA) with good volume.\u00a0 The price of Lido DAO (LDO) has been one of the best performances before the &#8220;Ethereum Merge,&#8221; outperforming the market as the price rallied to an all-time high of $3 against tether (USDT). Although the crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected, with recovery from BTC altcoins like Lido DAO showed some strength as the aim to begin a rally. (Data from Binance) Related Reading: Quant (QNT) Holds Gains When Top Cryptos Plummet Following BTC Lido DAO (LDO) Price Analysis On The Weekly Chart Although the crypto market experienced a sharp decline due to the CPI news, the market appeared to be manipulated as Bitcoin&#8217;s (BTC) price dropped from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with LDO looking to breakout of its downtrend that has made the price become crippled to rally. With the current rise in the value of Bitcoin Dominance (BTC.D) after a long while, it is still unclear how the current price bounce after the price decline will be sustained. With BTC.D rising, most altcoins will suffer an increased price decline when BTC retraces. Uptober has been a good month for some altcoins, with many expecting such good moments for LDO after the token returned to the ashes after &#8220;Ethereum Merge&#8221; was successful. The price of LDO, after the rejection at $3, has seen for of a downtrend than an uptrend as the price has retained its bearish structure despite showing a little glimpse of price bounce to $2.2 but the price face more sell-off as the price declined to a region of $1 before bouncing off.\u00a0 Weekly resistance for the price of LDO &#8211; $2.2. Weekly support for the price of LDO &#8211; $1. Price Analysis Of LDO On The Daily (1D) Chart The daily timeframe for the price of LDO looks good, showing incredible strength as the price trades below the 50 Exponential Moving Average (EMA), acting as resistance for the price of LDO. LDO&#8217;s price currently trades at $1.3 as the price prepares to breakout the descending triangle it has formed. A breakout to the upside could signal a huge rally to the high of $2.2. Daily resistance for the price of LDO &#8211; $2.2. Daily support for the price of LDO &#8211; $1. Related Reading: Ethereum Price Pumps and Looks Ready For Another Leg Higher Over $1,400 Featured Image From zipmex, Charts From Tradingview\u00a0<\/p>\n","protected":false},"author":566,"featured_media":506333,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[86030,86727,87199],"class_list":["post-506330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ldo","tag-ldo-price","tag-lido-dao"],"acf":[],"yoast_head":"\n<title>Lido DAO Shows Strength To Breakout; Will The Downtrend Line Be Invalidated?<\/title>\n<meta name=\"description\" content=\"The price of Lido DAO (LDO) has been one of the best performances before the &quot;Ethereum Merge,&quot; outperforming the market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/lido-dao-shows-strength-to-breakout-will-the-downtrend-line-be-invalidated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lido DAO Shows Strength To Breakout; 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