The price of Lido DAO (LDO) has shown so much strength despite the downtrend across the market, with Lido DAO (LDO) eyeing a rally to its all-time high of $4. Bitcoin’s (BTC) price has shown a little strength bouncing off from key support, leading to most crypto assets popping out from their shell. (Data from Binance) Related Reading: Why Vitalik Buterin Expected Crypto Crash To Happen Earlier, ETH Price Battles With $1,600 Lido DAO (LDO) Price Analysis On The Daily Chart LDO token price has shown so much strength creating a higher high after hitting a daily low of $1.6; the price bounced off from this region and rallied to $2. The price of LDO rallied to a high of $2.2 but has faced resistance; LDO needs to break this resistance at $2.2 to have a chance of trading higher. LDO price has continued to show so much strength as bulls are ready to push the price of LDO to higher heights. The price of LDO is currently trading above its support at $1.9, with eyes set for more highs. Daily resistance for the price of LDO – $2.2-$2.4. Daily support for the price of LDO – $1.9. Price Analysis Of LDO On The Four-Hourly (4H) Chart After falling from a high of $4, the price of LDO on the four-hourly timeframe has formed support at $1.6, holding the price of LDO from going lower as this has become an area of demand for LDO price. The price of LDO formed a bullish symmetrical triangle before breaking out with good volume, a...
