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Coinjournal

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Lido DAO price revisits key support level: what next for LDO?

  • Lido DAO (LDO) price fell nearly 10% as altcoins dumped, but has since recovered to a key level with Bitcoin's bounce.
  • Bears are likely to pull LDO lower as the outlook remains fragile, with potential for a fresh drop if bears control the price around $0.86.
  • A notable large holder recently moved a significant amount of LDO tokens to major exchanges, suggesting intent to sell and exert downward pressure on the price.
  • Technical indicators show a bearish outlook for LDO, with the RSI indicating nearing oversold territory and the MACD suggesting weakness with a bearish crossover.

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