Native Token Lido Tao, LDO, attracted the attention of crypto -enthusiasts after a strong rally over the past 24 hours. Nevertheless, the token is currently testing the key resistance level of $ 2.10, is historically associated with the pressure of the sale and reduction of prices.
7.18 million dollars. USA LDO tributary in exchange
Since the price of LDO has risen, the chain from Coinglass revealed an influx of 7.18 million dollars. The United States on exchanges, hinting that long -term owners or whales can be prepared for sale.
The influx in exchange suggests that long -term owners or whales transferred their assets to exchanges for potential sale. Nevertheless, this can lead to a pressure of sales and a further decrease in prices.
Looking at such a landfill over the past 24 hours, it indicates that history can be repeated.
Technical analysis of the Lido Tao (LDO) and key levels
According to expert technical analysis, LDO seems bullshit, but is currently at a decisive resistance level of $ 2.10. The LDO daily diagram shows that its price reached this level more than doubled, and each time it witnessed a drop in prices by 28%, from $ 2.08 to $ 1.47.
However, this time, from the previous story, investors began to discard their assets and assume that LDO could again fall by 28%to reach the level of 1.47 dollars.
And vice versa, if the current mood for LDO continues, and the price violates the resistance level, closing the daily candle above $ 2.10, there is a strong probability that it can take off by 65%to reach the level of $ 3.50. However, in the cryptocurrency market, such a rally is easily achievable.
LDO is currently trading about $ 2 and survived the increase in prices for more than 15.50% over the past 24 hours. However, over the same period, the volume of bidding increased by 78%, which indicates the increased participation of merchants and investors compared to previous days.
