Lido DAO Worth Prediction: Analyst Sees One other 87% Upside For LDO Even After 35% Surge In A Month, However Specialists Say Contemplate This Meme Coin’s Second Coming For 100X Potential

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The Lido DAO worth 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 stage might set off a bullish breakout, probably propelling $LDO towards a brand new all-time excessive of $6.

Lido DAO Worth Prediction

An evaluation of 2-hour LDO/USD charts exhibits that the Lido DAO worth 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 direction of the inexperienced zone, exhibiting constructing bull stress on the token.

The Lido DAO worth is shifting inside a variety, leaving open the prospects of a escape on both aspect. Ought to bulls break previous the $3.3 resistance stage, a bullish escape on the Lido DAO worth will likely 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.

Nonetheless, these ranges are more likely to drop within the quick time period because 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: coinnewswirescom

In the meantime, because the Lido DAO worth pumps, Sponge V2 is rising as one other nice funding possibility for buyers looking down presales with explosive potential in 2024

Lido DAO Worth Prediction: Is SPONGEV2 a Good Choose?

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 12 months. V1 did a staggering 100x surge in 2023.

Noteworthy Endorsements

Justin Solar, the creator of Tron and an adviser to Huobi International, 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. 

For buyers intrigued by the stake-to-bridge initiative related to Sponge V2, fast motion is really useful. Partaking within the staking of Sponge V1 presents an easy course of, with a token worth of $0.000580. On condition that these tokens are completely accessible via Stake-To-Bridge, buying Sponge V2 necessitates the acquisition and staking of V1 tokens.

Those that missed out on Sponge V1 final 12 months have a second likelihood with SPONGEV2.

Get your SPONGEV2 tokens right here.

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