{"id":560767,"date":"2023-11-15T14:00:03","date_gmt":"2023-11-15T14:00:03","guid":{"rendered":"https:\/\/uniquehot.com\/?p=560767"},"modified":"2024-06-11T08:39:43","modified_gmt":"2024-06-11T08:39:43","slug":"lido-dao-ldo-high-37","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/lido-dao-ldo-high-37\/","title":{"rendered":"Lido DAO (LDO) New All-Time High? One Analyst\u2019s Perfect Setup To $37"},"content":{"rendered":"

Lido DAO has grown over the years to become the leading liquid staking protocol<\/a> on the Ethereum<\/a> network and its native LDO token<\/a> has enjoyed tremendous success on the back of this. The protocol\u2019s continuous growth has been purported to be what will push LDO to new all-time highs and one crypto analyst has revealed how high the token\u2019s price could go.<\/p>\n

Lido DAO To Beat Previous $7.22 All-Time High<\/h2>\n

Back in the bull run of 2020-2021, the price of Lido DAO\u2019s native LDO token<\/a> soared with the rest of the market and eventually touched its all-time high price of $7.22. Naturally, this has been the level that bulls have been trying to get back to that would put all holders back in profit. However, crypto analyst Weslad expects the altcoin to completely clear this all-time high price by at least a 4x.<\/p>\n

Related Reading: BlackRock\u2019s XRP ETF Filing, Everything You Need To Know<\/a><\/div>\n

In an analysis posted on the TradingView website, Weslad reveals the roadmap for LDO\u2019s price<\/a> to rise another 1,400% from here. According to the analyst, the LDO\/USDT has been showing a \u201crobust ascending triangle pattern.\u201d This pattern, the analyst says, suggests that LDO could move to test the Neckline which is a critical supply zone for the asset.<\/p>\n

The analyst who is obviously very bullish on LDO expects that this level will be breached and that the altcoin will eventually turn this resistance mark into support. \u201cThe Buy back area on the chart should give all the bull an opportunity to accumulate the coin before major move begins and at same time the chart indicates the outlined target,\u201d Weslad says.<\/p>\n

The first target in this setup is already above its ATH price at $9.,176. From here, the analyst expects another bounce up to take the Lido DAO price <\/a>above $15.9, double its previous all-time high. But it still doesn\u2019t end here.<\/p>\n

\"LDO<\/p>\n

Source: Tradingview.com<\/a><\/pre>\n
A final setup outlined by the crypto analyst brings the next target to $29.3. After that comes the coveted $37 level, which is at the very peak of this expected rally.<\/p>\n
Just below the buy back zone at around $1.9, the analyst outlines a stop loss zone below $1.473. \u201cThe stop loss range is an important area that need to be watched closely should incase price turn around,\u201d the analyst warns.<\/p>\n
LDO Enters Top Gainers<\/h2>\n
The bullishness surrounding Lido DAO and the native token LDO<\/a> is not without metric, especially given the token\u2019s performance in the last week. LDO has seen its price rise approximately 27% in one week to breach the $2.47 mark.<\/p>\n
Related Reading: Bitcoin Price Ready To Go \u2018Supersonic\u2019, Analyst Says<\/a><\/div>\n
Even more impressive is its 24-hour positive moves that have come out to 10.5%. This rise puts it in the list of the top 10 gainers in the last day behind the likes of Kaspa (KAS)<\/a> and PancakeSwap (CAKE)<\/a>.<\/p>\n
LDO\u2019s large transaction volume<\/a> has also fallen in the last week which suggests that whales are winding down their activities. While this could mean there is not a lot of buying going on by these large whales, it also suggests there is not a lot of selling happening either. This could point toward a tendency to hold and wait for better prices rather than selling tokens now.<\/p>\n
\"Lido<\/p>\n
LDO breaks above $2.5 | Source: LDOUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Coins.ph, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Lido DAO has grown over the years to become the leading liquid staking protocol on the Ethereum network and its native LDO token has enjoyed tremendous success on the back of this. The protocol\u2019s continuous growth has been purported to be what will push LDO to new all-time highs and one crypto analyst has revealed how high the token\u2019s price could go. Lido DAO To Beat Previous $7.22 All-Time High Back in the bull run of 2020-2021, the price of Lido DAO\u2019s native LDO token soared with the rest of the market and eventually touched its all-time high price of $7.22. Naturally, this has been the level that bulls have been trying to get back to that would put all holders back in profit. However, crypto analyst Weslad expects the altcoin to completely clear this all-time high price by at least a 4x. Related Reading: BlackRock\u2019s XRP ETF Filing, Everything You Need To Know In an analysis posted on the TradingView website, Weslad reveals the roadmap for LDO\u2019s price to rise another 1,400% from here. According to the analyst, the LDO\/USDT has been showing a \u201crobust ascending triangle pattern.\u201d This pattern, the analyst says, suggests that LDO could move to test the Neckline which is a critical supply zone for the asset. The analyst who is obviously very bullish on LDO expects that this level will be breached and that the altcoin will eventually turn this resistance mark into support. \u201cThe Buy back area on the chart should give all the bull an opportunity to accumulate the coin before major move begins and at same time the chart indicates the outlined target,\u201d Weslad says. The first target in this setup is already above its ATH price at $9.,176. From here, the analyst expects another bounce up to take the Lido DAO price above $15.9, double its previous all-time high. But it still doesn\u2019t end here. Source: Tradingview.com A final setup outlined by the crypto analyst brings the next target to $29.3. After that comes the coveted $37 level, which is at the very peak of this expected rally. Just below the buy back zone at around $1.9, the analyst outlines a stop loss zone below $1.473. \u201cThe stop loss range is an important area that need to be watched closely should incase price turn around,\u201d the analyst warns. LDO Enters Top Gainers The bullishness surrounding Lido DAO and the native token LDO is not without metric, especially given the token\u2019s performance in the last week. LDO has seen its price rise approximately 27% in one week to breach the $2.47 mark. Related Reading: Bitcoin Price Ready To Go \u2018Supersonic\u2019, Analyst Says Even more impressive is its 24-hour positive moves that have come out to 10.5%. This rise puts it in the list of the top 10 gainers in the last day behind the likes of Kaspa (KAS) and PancakeSwap (CAKE). LDO\u2019s large transaction volume has also fallen in the last week which suggests that whales are winding down their activities. While this could mean there is not a lot of buying going on by these large whales, it also suggests there is not a lot of selling happening either. This could point toward a tendency to hold and wait for better prices rather than selling tokens now. LDO breaks above $2.5 | Source: LDOUSDT on Tradingview.com Featured image from Coins.ph, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":560778,"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":[86030,90079,87918,86387,86029,87199,86386,90078],"class_list":["post-560767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ldo","tag-ldo-news","tag-ldousd","tag-ldousdt","tag-lido","tag-lido-dao","tag-lido-dao-ldo","tag-lido-dao-news"],"acf":[],"yoast_head":"\nLido DAO (LDO) New All-Time High? 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Lido DAO (LDO) New All-Time High? 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