Lido DAO (LDO) Falls 0%, Outperforms the Crypto Market Sunday
Sunday, April 02, 2023 01:16 PM | InvestorsObserver Analysts
Lido DAO (LDO) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the Decentralized Finance has declined 0.42% to $2.38.
InvestorsObserver is giving Lido DAO a 59 Volatility Rank. Find out what this means to you and get the rest of the rankings on Lido DAO!
InvestorsObserver gives Lido DAO a moderate volatility rank of 59, placing it in the top 41% of cryptos on the market.
The Volatility Gauge analyzes this makes its score defined by recent trends, rather than a bad day.
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 in a favorable position going forward. With support around $2.33 and resistance near $2.44. This leaves Lido DAO with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
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