{"id":116720,"date":"2024-10-21T14:45:45","date_gmt":"2024-10-21T07:45:45","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=116720"},"modified":"2024-10-21T14:45:45","modified_gmt":"2024-10-21T07:45:45","slug":"can-ldo-break-past-the-1-33-resistance-amid-key-developments","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=116720","title":{"rendered":"Can LDO break past the $1.33 resistance amid key developments?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">LDO is nearing its $1.33 resistance, but low volatility and overbought RSI may limit gains.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Open interest is rising, but daily active addresses decline, signaling potential hurdles ahead.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/predictions\/lido-dao-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Lido DAO [LDO]<\/span><\/a><span style=\"font-weight: 400;\"> has been actively driving growth with its Simple DVT Module now supporting over 2,250 validators and securing 72,000 ETH. Additionally, the platform is currently voting on significant upgrades, such as integrating Bolt and enhancing the Distributed Validator Voting (DVV) system.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, LDO was trading at $1.16, up 4.24% in the last 24 hours. However, the question remains: can these upgrades push LDO past its key resistance level of $1.33?<\/span><\/p>\n<h2><b>LDO<\/b><b> chart analysis: Will resistance at $1.33 continue to hold?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Lido DAO is approaching a critical resistance level at $1.33, and the recent price movements have sparked interest. The Bollinger Bands suggest that volatility remains low, which indicates a consolidation phase.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the Stochastic RSI points to overbought conditions, raising the possibility of a near-term pullback. Support is evident around $1.08, but Lido DAO will need significant bullish activity to break through $1.33.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, traders are watching closely to determine whether this resistance will hold or if the token will gain enough momentum to move higher.<\/span><\/p>\n<div id=\"attachment_435079\" style=\"width: 1782px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-435079\" class=\"wp-image-435079 size-full\" alt=\"LDO technical analysis\" width=\"1772\" height=\"1106\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04.png 1772w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-300x187.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-1024x639.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-768x479.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-1536x959.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-1200x749.png 1200w\" data-lazy-sizes=\"(max-width: 1772px) 100vw, 1772px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-435079\" class=\"wp-image-435079 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04.png\" alt=\"LDO technical analysis\" width=\"1772\" height=\"1106\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04.png 1772w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-300x187.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-1024x639.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-768x479.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-1536x959.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/LDOUSD_2024-10-20_16-22-04-1200x749.png 1200w\" sizes=\"auto, (max-width: 1772px) 100vw, 1772px\"\/><\/a><\/p>\n<p id=\"caption-attachment-435079\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<h2><b>Daily active addresses decline: A concern for <\/b><b>LDO<\/b><b>?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While Lido\u2019s technical advancements are promising, the recent decline in daily active addresses is a cause for concern. The number of active addresses has dropped from 213 to 141, which indicates reduced user engagement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consequently, this could limit Lido DAO\u2019s ability to break through the $1.33 resistance as on-chain activity slows. This decline could signal that Lido\u2019s upgrades have not yet fully captured the attention of the broader market.\u00a0<\/span><\/p>\n<div id=\"attachment_435080\" style=\"width: 1765px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-435080\" class=\"size-full wp-image-435080\" alt=\"LDO active addresses\" width=\"1755\" height=\"884\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119.png 1755w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-300x151.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-1024x516.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-768x387.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-1536x774.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-1200x604.png 1200w\" data-lazy-sizes=\"(max-width: 1755px) 100vw, 1755px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-435080\" class=\"size-full wp-image-435080\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119.png\" alt=\"LDO active addresses\" width=\"1755\" height=\"884\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119.png 1755w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-300x151.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-1024x516.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-768x387.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-1536x774.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164119-1200x604.png 1200w\" sizes=\"auto, (max-width: 1755px) 100vw, 1755px\"\/><\/a><\/p>\n<p id=\"caption-attachment-435080\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h2><b>MVRV ratio: What does it mean for <\/b><b>LDO<\/b><b>\u2018s price action?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The MVRV ratio, which currently stands at -0.84%, reveals that most investors are holding LDO at a loss. Therefore, there may be less incentive for holders to sell, potentially supporting the price in the short term.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the MVRV ratio turns positive, profit-taking could increase, putting downward pressure on the token. This dynamic makes the MVRV ratio a critical factor in determining whether LDO can sustain its upward momentum and challenge the $1.33 resistance.<\/span><\/p>\n<div id=\"attachment_435082\" style=\"width: 1791px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-435082\" class=\"wp-image-435082 size-full\" alt=\"\" width=\"1781\" height=\"897\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647.png 1781w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-300x151.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-1024x516.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-768x387.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-1536x774.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-1200x604.png 1200w\" data-lazy-sizes=\"(max-width: 1781px) 100vw, 1781px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-435082\" class=\"wp-image-435082 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647.png\" alt=\"\" width=\"1781\" height=\"897\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647.png 1781w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-300x151.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-1024x516.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-768x387.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-1536x774.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164647-1200x604.png 1200w\" sizes=\"auto, (max-width: 1781px) 100vw, 1781px\"\/><\/a><\/p>\n<p id=\"caption-attachment-435082\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h2><b>Open interest rises: Growing trader confidence<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Open interest for Lido DAO has risen by 1.98% to $64.9 million. This increase signals growing confidence among traders, as more positions are being opened.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, for this to translate into a bullish breakout, volume will need to follow. Consequently, this rise in open interest will be closely monitored to see if it drives LDO toward a breakout or another rejection at $1.33.<\/span><\/p>\n<div id=\"attachment_435084\" style=\"width: 2078px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832.png\" data-wpel-link=\"internal\"><img fetchpriority=\"high\" decoding=\"async\" aria-describedby=\"caption-attachment-435084\" class=\"size-full wp-image-435084\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832.png\" alt=\"\" width=\"2068\" height=\"489\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832.png 2068w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832-300x71.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832-1024x242.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832-768x182.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832-1536x363.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832-2048x484.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-20-164832-1200x284.png 1200w\" sizes=\"(max-width: 2068px) 100vw, 2068px\"\/><\/a><\/p>\n<p id=\"caption-attachment-435084\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">Read<a href=\"https:\/\/ambcrypto.com\/predictions\/lido-dao-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">\u00a0Lido DAO\u2019s [LDO] Price Prediction<\/a>\u00a02023-24<\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">Lido DAO\u2019s developments are promising, but the declining daily active addresses and overbought Stochastic RSI present challenges. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the increasing open interest and MVRV ratio offer some optimism, breaking through the $1.33 resistance will require sustained engagement and volume.<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\nNext: <a href=\"https:\/\/ambcrypto.com\/hedera-turns-bearish-can-hbar-overcome-its-90-drawdown\/\" rel=\"prev\" data-wpel-link=\"internal\">Hedera turns bearish: Can HBAR overcome its 90% drawdown?<\/a> <\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/can-ldo-break-past-the-1-33-resistance-amid-key-developments\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LDO is nearing its $1.33 resistance, but low volatility and overbought RSI may limit gains. Open interest is rising, but daily active addresses decline, signaling potential hurdles ahead. Lido DAO &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=116720\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-116720","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=116720"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/116720\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=116720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=116720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=116720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}