✴️ Lido DAO Bullish Regardless What Happens
Lido DAO is undergoing consolidation after a correction on a bullish phase that started January 2023.
The pair remains really strong as the correction is weak. The current price trades more than 150% above its Dec. '22 low.
There is a higher low short-term (mid-June vs mid-May) and prices have recovered above EMA10.
The RSI is moving up almost reaching 50... As long as the blue line/support holds, expect LDOUSD to resume the initial move and grow.
Breaking the support level would only signal more correction but followed by additional growth.
Namaste.
The pair remains really strong as the correction is weak. The current price trades more than 150% above its Dec. '22 low.
There is a higher low short-term (mid-June vs mid-May) and prices have recovered above EMA10.
The RSI is moving up almost reaching 50... As long as the blue line/support holds, expect LDOUSD to resume the initial move and grow.
Breaking the support level would only signal more correction but followed by additional growth.
Namaste.
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