LDO (Lido DAO) forecast for 2024 year

Welcome to the crypto site. My name is Victor, and today: LDO (Lido DAO) forecast for 2024 year. Join the discussion on the topic – CryptoViktor

LDO (Lido DAO) forecast

Fundamental analysis and news of LDO (Lido DAO)
Greetings. My name is Victor, and today I will share with you an analysis of the cryptocurrency LDO (Lido DAO). Lido DAO is a liquid staking platform that allows users to stake their tokens without having to lock them for a long period of time. This provides more flexibility and convenience for users, especially for those who cannot or do not want to block large amounts of cryptocurrency.

Lido DAO uses the LDO token to manage and make decisions within the platform. The main advantage of the project is its decentralisation, which ensures transparency and equal rights for all participants. Unlike centralised platforms where decisions are made by the owners, in Lido DAO, all decisions are made collectively. In recent months, Lido DAO has taken several important steps, including the integration of new technologies and an updated roadmap.

Technical analytics of Lido DAO

Monthly Timeframe
The monthly chart shows that LDO has gone through several phases of growth and decline. We are currently in the middle zone of the Fibonacci levels, which may indicate potential growth. However, for significant growth, the rate needs to overcome the previous highs.

Weekly timeframe
On the weekly chart, the LDO rate is fluctuating in the zone of maximum activity, at around $2. It is expected that the rate could reach $3 in the near future, but this will require overcoming current resistance levels. Under the current conditions, we can see a steady upward movement.

LDO (Lido DAO) forecast for 2024 year

Daily timeframe
On the daily chart, we can see that the LDO rate has worked off the buy button and is now in a downward phase. Indicators such as CCI and MACD show the possibility of a further decline before a new upward phase. This means that now is not the best time to enter, but it is worth keeping an eye on the market and waiting for better opportunities.

Bitcoin forecast, BTC (Bitcoin)

As for bitcoin, we see that the rate continues to form a new corridor. A breakout from the lower levels and several bounces from support indicate the possibility of stable growth. The current resistance level is at $71,000, and if it is overcome, we may see further growth.

LDO (Lido DAO) forecast for 2024 year

On the weekly chart, bitcoin continues to move in a corridor between $65,000 and $70,000. If the rate manages to gain a foothold above $70,000, this will create favourable conditions for further growth to new highs. The overall trend remains positive, and bitcoin continues to be the main indicator for the entire crypto market.

Lido

Lido DAO (LDO) is a promising project with great potential due to its decentralised nature and flexible staking options. However, at the moment, technical indicators point to the possibility of a further decline before a new growth phase. Investors should pay attention to key support and resistance levels and use pullback buying strategies

As for bitcoin, the current situation looks stable with room for further growth. If the rate can overcome the $71,000 level, we can expect new highs. Thank you for your attention! If you enjoyed this video, please like, share with your friends, and subscribe to my CryptoViktor channel for the latest cryptocurrency forecasts and analysis in Ukrainian. Write your thoughts in the comments section to help other viewers make informed investment decisions. See you soon!
*** Translated with www.DeepL.com/Translator (free version) ***

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