Lido TVL hits new ATH: Did LDO feel the impact?
has been moving inversely compared to the TVL. The latter, therefore, has not had a significant impact on the token’s price. To recap. LDO bears have recently been showing signs of exhaustion after maintaining a downward trajectory since mid-July.LDO’s price chart indicates that there was some accumulation earlier in the week, according to the MFI’s uptick.
It reflected in the form of a bit of a bullish relief which was short-lived, as LDO bears regained control in the last two days.LDO’s latest performance confirmed that the bullish performance was not strong enough to sustain more upside. It was worth noting that the price could also dip lower if market conditions remain bearish.As far as on-chain metrics are concerned, LDO’s mean coin age maintained a steady uptick.
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