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Lido Dao (LDO) is recognizing the increase of 12%, trading at 2.08 USD after weeks of horizontal fluctuations. This altcoin is still stuck below the threshold of 2.20 USD for more than a month, unable to break through.
The support from investors is still faint, raising concerns about the ability to maintain momentum and achieve the breakthrough of LDO.
Investor Lido Dao is witnessing the downtrend
According to the Global in/Out of the Money (Giom), about 200 million LDO tokens worth more than $ 403 million are waiting to become profitable. This supply was purchased when the price of LDO was in the range of 2.07 USD to 2.30 USD, so it was very important to surpass the USD 2.30 for these investors. Until this level is overcome, most of this supply will not be profitable.
Overcoming the $ 2.20 resistance threshold is necessary for LDO to bring profitable opportunities to investors. The prolonged unity under this barrier has reduced the optimism. If LDO cannot enhance motivation, investors can become more and more careful, continue to restrain the price potential of this Altcoin.
The overall dynamics of Lido Dao are being closely monitored when the Capital Cash flow indicator (CMF) fluctuates around the level. This shows that the input and output stream is balanced, there is no clear priority for pressure on pressure buy. To stimulate the increasing motivation, CMF needs to cross this road and continue to increase.
Currently, the lack of a stable cash flow reflects the hesitation of investors, can hinder LDO’s ability to maintain a rising momentum. If the cash flow does not exist, the increase trend of this altcoin can weaken, keeping the price within the same range.
Price prediction LDO: Search support
LDO has increased by 12% in the past 24 hours, bringing the price to $ 2.08. However, this Altcoin is facing a $ 2.20 resistance threshold, maintaining for more than a month. Despite the positive signs, the possibility of LDO continues to increase is still vague.
The extended $ 2.20 resistance threshold has prevented LDO from reaching US $ 2.30, the important level to make a large supply of profitable tokens. If this resistance remains, the price of LDO can continue to be restrained within the consolidated range from US $ 2.20 to $ 1.56, causing disappointment for optimistic investors.
If LDO can exceed the $ 2.20 resistance threshold, it can turn into support and towards 2.61 USD. Such a move will invalidate the downtrend, turn unnecessary tokens into profits and be able to regain investors’ confidence in Altcoin’s long -term potential.
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