Lido DAO (LDO) Down 0.07% Monday: What's Next?

Monday, January 30, 2023 12:18 PM | InvestorsObserver Analysts

Lido DAO (LDO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the Decentralized Finance has dropped 7.35% to $2.12.

InvestorsObserver is giving Lido DAO a 60 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 60, placing it in the top 40% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. LDO's moderate volatility reading pairs 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 trading near resistance. With support near $2.01 and resistance near $2.14. This positions Lido DAO with potential selling pressures ahead as it may be getting over extended.