Lokesh Gupta
19-06-2024
Since the beginning of 2024, $LDO cryptocurrency has been in a bearish trend, experiencing a decline from previous high swings.
Recently, $LDO price surged above the key 'trend-reversal' zone, signaling potential to surpass descending resistance levels soon.
Over the last month, #Lido Dao crypto has demonstrated significant volatility, notably testing and holding a key support level around $1.840.
Currently, there is a growing bullish momentum in the LDO price rally, as observed by its ability to maintain levels above key support points.
The Gaussian channel has turned bullish, with the price now testing the upper boundary of this channel, indicating a potential upward trend.
According to Coingabbar Prediction, If buyers successfully surpass the crucial resistance level at $2.600, it could pave the way for bulls to target $3.060 by the end of the month.
Conversely, if a bearish trend reversal occurs, LDO may lose momentum and test support levels at $1.700 initially, followed by $1.500.
KEY LEVELS :
RESISTANCE LEVEL : $3.000-$4.000
SUPPORT LEVEL : $1.500-$0.860
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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