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CDS Crypto News January 18 Performance Analysis of Lido DAO (LDO)

Crypto News

January 18 Performance Analysis of Lido DAO (LDO)

Zeynep Öztürk18/01/20241 Mins read224

January 18 Performance Analysis of Lido DAO (LDO)

Crypto News – Lido DAO (LDO) has exhibited a relatively moderate level of volatility when compared to other cryptocurrencies. As of this Wednesday, the decentralized finance asset experienced a decline of 3.82%, reaching a value of $3.24.

Lido DAO holds a moderate volatility ranking of 45 according to InvestorsObserver, positioning it within the lower 45% of cryptocurrencies in the market. This assessment suggests that LDO’s price movements are characterized by a moderate degree of fluctuation and are relatively resilient against potential price manipulation, as indicated by its low Risk/Reward Gauge reading.

Looking ahead, the price of Lido DAO appears to be in a favorable position. It has established support at approximately $3.06, while encountering resistance at $3.36. This suggests that Lido DAO may have room for potential growth before encountering significant selling pressures.