LidoFinance [LDO] investors waiting on Ethereum Merge should read this
In 2022 alone, LDO increased more than 150%,
At the time of writing, it was trading at $1.79. With the earlier impressive performance, LDO investors may have anticipated a better momentum than the Lido DAO governance token currently shows.While there has been a 48.28% increase, the daily chart showed that the sustenance of a price decrease was more than a reversal.
Additionally, the On-Balance-Volume dropped from 218.64 million on 11 September to 174.85 million at press time. This could signal that some LDO investors were lowering their expectations and withholding liquidity.While assessing the four-hour chart, the Exponential Moving Average showed that the short-term momentum could go lower than the current tumble.
, the Lido ETH deposits were 4,161,440. This amounted to 30.4% of the total deposits, which was 13,708,440.that the supply on exchanges had decreased from 5.52% to 5.44% in three days.
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