Lido DAO (LDO) Price Prediction 2023 — Will LDO Hit $5 Soon?
- Bullish LDO price prediction is $1.252 to $2.845.
- Lido DAO (LDO) price might also reach $5 soon.
- LDO bearish market price prediction for 2023 is $0.733.
In Lido DAO (LDO) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about LDO to analyze the future movement of the cryptocurrency.
Lido DAO (LDO) Current Market Status
| Current Price | $2.02 |
| 24 – Hour Trading Volume | $182,527,028 |
| 24 – Hour Price Change | 8.9% up |
| Circulating Supply | 831,499,136 |
| All – Time High | $7.30 (on Aug 20, 2021) |
What is Lido DAO (LDO)?
Lido is a proof-of-stake (POS) blockchain liquid staking solution that brings together node operator partners who run the core validator infrastructure on the Ethereum, Solana, and Terra blockchains.
Lido DAO (LDO) Price Prediction 2023
Lido DAO (LDO) holds the 32nd position on CoinGecko right now. LDO price prediction 2022 is explained below with a daily time frame.
The above chart of Lido DAO (LDO) laid out the Horizontal Channel pattern. Horizontal Channel pattern also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation..
Currently, Lido DAO (LDO) is in the range of $1.88. If the pattern continues, the price of LDO might reach the resistance levels of $3.145 and $11.133 If the trend reverses, then the price of LDO may fall to 1.684, & $0.888.
Lido DAO (LDO) Support and Resistance Levels
The chart below shows the support and resistance levels of Lido DAO (LDO).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Lido DAO (LDO).
| Resistance Level 1 | $1.252 |
| Resistance Level 2 | $1.838 |
| Resistance Level 3 | $2.845 |
| Support Level | $0.733 |
The charts show that Lido DAO (LDO) has performed a bullish trend over the past month. If this trend continues, LDO might run along with the bulls overtaking its resistance level at $2.845.
Accordingly, if the investors turn against the crypto, the price of Lido DAO (LDO) might plummet to almost $0.733, a bearish signal.
Lido DAO (LDO) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Lido DAO (LDO) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of LDO lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Lido DAO (LDO) is shown in the chart above. Notably, Lido DAO (LDO) price lies below 50 MA (short-term), so it is completely in a downtrend. Currently, LDO has entered a bearish state. Therefore, there is a possibility of a reversal trend of LDO at any time.
Meanwhile, the relative strength index (RSI) of the LDO is 83.71. This means that Lido DAO (LDO) is in a overbought state. However, this means a major price reversal of LDO may occur in the upcoming days. So, traders need to trade carefully.
Lido DAO (LDO) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Lido DAO (LDO). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Lido DAO (LDO). Currently, the ADX of LDO lies in the range of 41.537 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Lido DAO (LDO). RVI measures the constant deviation of price changes over a period of time. The RVI of LDO lies above 50, indicating high volatility. In fact, the RSI of Lido DAO (LDO) is at 83.71, thus confirming a potential buy signal.
Comparison of LDO with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Lido DAO (LDO).
From the above chart, we can interpret that the price changes of BTC, ETH, and LDO are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and LDO would increase or decrease respectively.
Lido DAO (LDO) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Lido DAO (LDO) between 2024 and 2030.
Lido DAO (LDO) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Lido DAO (LDO) might probably attain $10 by 2024.
Lido DAO (LDO) Price Prediction 2025
With several upgrades in the network, Lido DAO (LDO) might enter a bullish trajectory. If the coin grabs the attention of major investors, LDO might rally to hit $15 by 2025.
Lido DAO (LDO) Price Prediction 2026
If Lido DAO (LDO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, LDO would rally to hit $20.
Lido DAO (LDO) Price Prediction 2027
If Lido DAO (LDO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, LDO would rally to hit $25.
Lido DAO (LDO) Price Prediction 2028
If Lido DAO (LDO) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, LDO would rally to hit $30.
Lido DAO (LDO) Price Prediction 2029
If Lido DAO (LDO) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, LDO would hit $35in 2029.
Lido DAO (LDO) Price Prediction 2030
If investors flock in and continue to place their bets on Lido DAO (LDO), it would witness major spikes. LDO might hit $40 by 2030.
Conclusion
With continuous improvements in the Lido DAO network, we can say that 2023 is a good year for LDO. For this reason, the bullish price prediction of Lido DAO (LDO) in 2023 is $2.845. On the other hand, the bearish price prediction of Lido DAO (LDO) price prediction for 2023 is $0.733.
Furthermore, with the advancements and upgrades to the Lido DAO ecosystem, the performance of LDO would help to reach above its current all-time high (ATH) of $7.30 very soon. But, it might also reach $5 if the investors believe that LDO is a good investment in 2023.
FAQ
Lido is a POS blockchain liquid staking solution that brings together node operator partners who run the core validator infrastructure on the Ethereum, Solana, and Terra blockchains.
Lido DAO (LDO) has been listed on many crypto exchanges which include Binance, BTCEX, Bybit, MEXC, FTX, and BingX.
With the ongoing developments and upgrades within the Lido DAO platform, LDO has a high possibility of reaching its ATH soon.
On August 20, 2021, Lido DAO (LDO) reached its new all-time high (ATH) of $7.30.
Lido DAO (LDO) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Lido DAO in the past few months, LDO is considered a good investment in 2023.
Lido DAO (LDO) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Lido DAO (LDO) will hit $5 soon.
Lido DAO (LDO) price is expected to reach $10 by 2024.
Lido DAO (LDO) price is expected to reach $15 by 2025.
Lido DAO (LDO) price is expected to reach $20 by 2026.
Lido DAO (LDO) price is expected to reach $25 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/lido-dao-ldo-price-prediction-2022-will-ldo-hit-5-soon/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
