Lido DAO Worth Prediction: Analyst Sees One other 87% Upside For LDO Even After 35% Surge In A Month, However Specialists Say Take into account This Meme Coin’s Second Coming For 100X Potential

Be part of Our Telegram channel to remain updated on breaking information protection

The Lido DAO value has jumped by 17% within the final seven days because the token traded at $3.2 as of 8:25 a.m. EST.

Ali, addressing his 39.5K X (Twitter) followers, states that Lido DAO could possibly be shaping up an ascending triangle on its weekly chart.

He believes a break above the $3.30 stage may set off a bullish breakout, probably propelling $LDO towards a brand new all-time excessive of $6.

#LidoDAO is shaping up an ascending triangle on its weekly chart.

Preserve an in depth eye on the $3.30 stage! A sustained weekly shut above this mark could possibly be the set off for a bullish breakout, probably propelling $LDO towards a brand new all-time excessive of $6. pic.twitter.com/1JTkOnYbPt

— Ali (@ali_charts) January 3, 2024

Lido DAO Worth Prediction

An evaluation of 2-hour LDO/USD charts reveals that the Lido DAO value could possibly be gearing up for a bullish breakout. That is identified by the Relative Energy Index indicator which is now headed north having crossed above 50, exhibiting mounting shopping for strain.

The MACD indicator can be reverting in direction of the inexperienced zone, exhibiting constructing bull strain on the token.

The Lido DAO value is shifting inside a spread, leaving open the prospects of a get away on both aspect. Ought to bulls break previous the $3.Three resistance stage, a bullish get away on the Lido DAO value will likely be imminent.

The 50-period shifting common has additionally exceeded the 200-period shifting common, backing the bullish prospects for the token. Volatility ranges on LDO are excessive as seen from the Bollinger Bands, that are presently shifting far aside.

Nevertheless, these ranges are more likely to drop within the quick time period because of reducing buying and selling actions which have seen the token’s buying and selling quantity drop by 26% within the final 24 hours.

2-hour LDO/USD charts | Supply: TradingView

In the meantime, because the Lido DAO value pumps, Sponge V2 is rising as one other nice funding possibility for traders looking down presales with explosive potential in 2024.

Lido DAO Worth Prediction: Is SPONGEV2 a Good Choose?

Sponge V2, an enhanced iteration of Sponge V1, stands poised to take the market by storm once more, as its predecessor, Sponge V1, did final yr. V1 did a staggering 100x surge in 2023.

Noteworthy Endorsements

Justin Solar, the creator of Tron and an adviser to Huobi International, is a supporter of the upcoming Sponge V2. The pockets ‘Justin Solar 4,’ as observed on Etherscan, boasts a considerable holding of 108 million SPONGE V1, valued at a formidable $43,246.

Justin Solar holds this #memecoin :O I will not even say anymore… this might destroy #SNEK and #PEPE..! Who remembers #SPONGE?!! 🫢🔥$SPONGE V2 is making loud actions available in the market, even #Trons very personal Justin Solar is holding $50okay value of SPONGE! 😮 💎💎

DYOR -… pic.twitter.com/ULzSDJdYnS

— Jacob Crypto Bury (@BuryCrypto) January 4, 2024

For traders intrigued by the stake-to-bridge initiative related to Sponge V2, instant motion is really helpful. Participating within the staking of Sponge V1 presents a simple course of, with a token value of $0.000580. On condition that these tokens are solely accessible by way of Stake-To-Bridge, buying Sponge V2 necessitates the acquisition and staking of V1 tokens.

📣 We’re excited to announce that #Sponge is bridging from V1 to V2!

Stake your $SPONGE to earn #SpongeV2 tokens. 🧽💦

Purchase and stake now for a particular V2 token bonus! Don’t miss out 🔥#MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU

— $SPONGE (@spongeoneth) December 18, 2023