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The Lido DAO value has jumped by 17% within the final seven days because the token traded at $3.2 as of 8:25 a.m. EST.
Ali, addressing his 39.5K X (Twitter) followers, states that Lido DAO might be shaping up an ascending triangle on its weekly chart.
He believes a break above the $3.30 degree may set off a bullish breakout, probably propelling $LDO towards a brand new all-time excessive of $6.
#LidoDAO is shaping up an ascending triangle on its weekly chart.
Maintain a detailed eye on the $3.30 degree! A sustained weekly shut above this mark might be the set off for a bullish breakout, probably propelling $LDO towards a brand new all-time excessive of $6. pic.twitter.com/1JTkOnYbPt
— Ali (@ali_charts) January 3, 2024
Lido DAO Value Prediction
An evaluation of 2-hour LDO/USD charts reveals that the Lido DAO value might be gearing up for a bullish breakout. That is identified by the Relative Power Index indicator which is now headed north having crossed above 50, exhibiting mounting shopping for stress.
The MACD indicator can also be reverting in the direction of the inexperienced zone, exhibiting constructing bull stress on the token.
The Lido DAO value is shifting inside a variety, leaving open the prospects of a escape on both aspect. Ought to bulls break previous the $3.3 resistance degree, a bullish escape on the Lido DAO value shall be imminent.
The 50-period shifting common has additionally exceeded the 200-period shifting common, backing the bullish prospects for the token. Volatility ranges on LDO are excessive as seen from the Bollinger Bands, that are at present shifting far aside.
Nevertheless, these ranges are prone to drop within the brief time period on account of reducing buying and selling actions which have seen the token’s buying and selling quantity drop by 26% within the final 24 hours.
2-hour LDO/USD charts | Supply: TradingView
In the meantime, because the Lido DAO value pumps, Sponge V2 is rising as one other nice funding choice for traders searching down presales with explosive potential in 2024.
Lido DAO Value Prediction: Is SPONGEV2 a Good Decide?
Sponge V2, an enhanced iteration of Sponge V1, stands poised to take the market by storm once more, as its predecessor, Sponge V1, did final yr. V1 did a staggering 100x surge in 2023.
Noteworthy Endorsements
Justin Solar, the creator of Tron and an adviser to Huobi World, is a supporter of the upcoming Sponge V2. The pockets ‘Justin Solar 4,’ as noticed on Etherscan, boasts a considerable holding of 108 million SPONGE V1, valued at a formidable $43,246.
Justin Solar holds this #memecoin :O I will not even say anymore… this might destroy #SNEK and #PEPE..! Who remembers #SPONGE?!! ??$SPONGE V2 is making loud actions available in the market, even #Trons very personal Justin Solar is holding $50k value of SPONGE! ? ??
DYOR -… pic.twitter.com/ULzSDJdYnS
— Jacob Crypto Bury (@BuryCrypto) January 4, 2024
For traders intrigued by the stake-to-bridge initiative related to Sponge V2, fast motion is beneficial. Participating within the staking of Sponge V1 presents a simple course of, with a token value of $0.000580. Provided that these tokens are solely accessible by way of Stake-To-Bridge, buying Sponge V2 necessitates the acquisition and staking of V1 tokens.
? We’re excited to announce that #Sponge is bridging from V1 to V2!
Stake your $SPONGE to earn #SpongeV2 tokens. ??
Purchase and stake now for a particular V2 token bonus! Don’t miss out ?#MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU
— $SPONGE (@spongeoneth) December 18, 2023
Those that missed out on Sponge V1 final yr have a second likelihood with SPONGEV2.
Get your SPONGEV2 tokens right here.
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