InvestorsObserver gives Lido DAO Token a strong long-term technical score of 95 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
LDO at this time has a superior long-term technical analysis score than 95% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
The current trading price of $3.010000000 for LDO is $0.6300000 (26.71%) above the tokens 100-day moving average of $2.380000000. LDO meanwhile is $2.5000000 (-1567.76%) above its 52-week low of $0.510000000 and -$15.61000000 (-37.53%) under its 52-week high price of $18.620000000. Lido DAO Token’s current price relative to the tokens long-term average and 52-week high and low, gives the crypto a strong long-term technical score of 95. The price movement and range of LDO suggest that investors are neutral on the token at this time.
Lido DAO Token currently has a total market cap of $312,480,587.03 to go along with its average daily volume of $84,439,296.07 worth of the currency over the past seven days. LDO’s volume is below its seven day average as of the past 24 hours, with 12,271,844.26 exchanged in that period.
This token’s subclass Decentralized Finance: DeFi, or decentrialized finance, Tokens are tokens that are created as an alternative to traditional financial institutions. These tokens are designed to alleviate the needs for brokers, exchanges, and/or banks by offering traditional financial products or services without the need for a central authority through the use of smart contracts.
Summary
Trading patterns over the last year for Lido DAO Token leads to the token’s a strong long-term technical score of 95 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token.
