![Lido [LDO] reclaims $2 psychological level – Will bulls push forward?](https://i.headtopics.com/images/2023/5/18/cryptoamb/lido-ldo-reclaims-2-psychological-level-will-bulls-lido-ldo-reclaims-2-psychological-level-will-bulls-1658994058134536195.webp)
Lido [LDO] outperformed the overall market, offering holders over 40% gains between 12 May -16 May. Will BTC’s fluctuation reverse these gains?
In addition, BTC reclaimed its $27k on the same day, 12 May, pushing the LDO token into a massive rally. It hiked over 40%, rising from $1.579 on 12 May to $2.301 on 16 May.
The drop steadied at $1.589, and price action in the past few days chalked a double-bottom formation with a neckline just below $2.012. On 15 May, the price broke above the neckline resistance, setting LDO for an extra rally. Conversely, bulls could attempt to push forward only if BTC reclaims $27k and surges. Such a move could see LDO smash the $2.243 hurdle and target the former mid-range of $2.43. If they handle the mid-range level, the next target will be the range high of $2.84.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lido sets ETH Free: V2 release unleashes withdrawal feature for stakersAs Lido launched its V2 deployment, it introduced ETH withdrawals for previously-staked ETH coins and Staking Router.
Read more »
Trudeau heads to South Korea, G7 summit with focus on international security and economyTrudeau is expected to be in Seoul between May 16 and May 18 and then attend the G7 leaders\u0027 summit in Hiroshima, Japan, between May 19 and 21
Read more »
Monday Evening’s Forecast | May 15, 2023
Read more »