Lido DAO (LDO) Down 0.04% Wednesday: What's Next?

Wednesday, January 17, 2024 08:47 AM | InvestorsObserver Analysts

Lido DAO (LDO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the Decentralized Finance has dropped 3.82% to $3.24.

InvestorsObserver is giving Lido DAO a 45 Volatility Rank. Find out what this means to you and get the rest of the rankings on Lido DAO!

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Moderately Volatile

InvestorsObserver gives Lido DAO a moderate volatility rank of 45, placing it in the bottom 45% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. LDO's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Lido DAO price is in a favorable position going forward. With support around $3.06 and resistance set at $3.36. This positions Lido DAO with room to run before facing selling pressures.