Lido LDO price has woken up and is ready to surprise everyone ?)Just look who has woken up - CRYPTOCAP:LDO
After almost a year-long downward trend and 3 months of consolidation, it showed an increase of +50% in 1 day !)
Does anyone know what “stimulated” it so much?
Speaking purely on the OKX:LDOUSDT chart, it is not advisable for the price to fall below $1.10-1.15 in the coming days.
If this condition is met, then we can start dreaming of continued growth to the $2.25-2.40 area.
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LDOUSDTPERP
#LDO/USDT Ready to go up#LDO
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 1.14
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.17
First target 1.20
Second target 1.25
Third target 1.29
Lido DAO Faces Legal and Market Turmoil: In a landmark ruling, a California court has classified Lido DAO, the decentralized organization behind the popular liquid staking protocol, as a general partnership, raising significant concerns for DAO governance structures and their participants. This decision reverberates through both the legal and crypto landscapes, highlighting vulnerabilities in decentralized governance.
Legal Developments Shake Lido DAO
The U.S. Northern District Court of California rejected Lido DAO’s claim of not being a legal entity. Instead, the court deemed it a general partnership, making identifiable participants liable for the DAO’s actions. Judge Vince Chhabria, in his ruling, emphasized the precedent-setting nature of this case:
> “ presents several new and important questions about the ability of people in the crypto world to inoculate themselves from liability by creating novel legal arrangements to profit from exotic financial instruments.”
Prominent Lido governance participants, including Paradigm Operations, Andreessen Horowitz (a16z), and Dragonfly Digital Management, were implicated as general partners. Notably, Robot Ventures was dismissed from the case due to insufficient evidence of active involvement.
Miles Jennings, General Counsel at a16z crypto, described the ruling as a severe blow to decentralized governance:
> "Under the ruling, any DAO participation (even posting in a forum) could be sufficient to hold DAO members liable for the actions of other members under general partnership laws."
This development raises pressing questions about the future of decentralized finance (DeFi) and the legal safety of participating in DAOs.
Technical Outlook for MIL:LDO
Amid the legal turmoil, Lido’s native token, MIL:LDO , has seen volatile price movements. As of writing, MIL:LDO is down 4%, trading within a falling trend channel. Here's what the technical indicators suggest:
1. Support and Resistance Levels: Current support lies near $1.133, aligning with the confluence of moving averages, indicating strong defensive support at this level. On the upside, MIL:LDO could rebound to the $2 resistance level, representing a critical juncture for a potential breakout.
2. Chart Patterns: The daily price chart reveals an enclosed rectangle pattern*, showcasing periodic up-and-down movements. A breakout from this pattern, especially in the bullish direction, could significantly impact the token's trajectory.
3. Market Sentiment and TVL: The general crypto market remains bullish, which could provide tailwinds for $LDO. Data from DeFiLlama indicates that Lido remains one of the largest players in the liquid staking space, with a promising Total Value Locked (TVL) figure that reinforces its dominance in DeFi.
What’s Next for MIL:LDO ?
This ruling sets a precedent that could deter active participation in DAOs, especially among institutional investors. However, it also serves as a wake-up call for DAOs to reassess their governance structures and liability frameworks.
Market Implications:
Despite the legal challenges, Lido’s fundamental metrics remain robust. The protocol continues to be a leader in liquid staking, holding a substantial share of the market. If MIL:LDO consolidates around the $1.133 support level and leverages the bullish sentiment in the broader crypto market, a rally to $2 or beyond is possible in the near term.
Conclusion
In conclusion, Lido DAO finds itself at a crossroads where regulatory challenges meet market potential. The coming weeks will likely determine whether the protocol can overcome legal hurdles and maintain its position as a DeFi heavyweight.
#LDO/USDT#LDO
The price is moving in a descending channel on the 4-hour frame
And it is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.00
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 1.07
First target 01.16
Second target 1.27
Third target 1.35
LDO target $1.984h time frame
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Entry: $1.24
TP: $1.9875
SL: $1.0575
RR: 4.1
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(1) Symmetrical structure is creating, high possibility to reach previous high
(2) Strong pump recently that bring LDO from $0.87 to $1.45 in two days
(3) Getting support at fib 0.618, which is $1.24
(4) $2.5 will be easy to hit if momentum is enough based on the flipped structure
(5) Stop loss once going below $1.0575
LDOUSDT: READY TO GO LONG at SUPPORTHello,
Welcome to the quick update of LDOUSDT. From the last few months we can see LDOUSDT in a downtrend and has dumped more than 50%.
Currently, it is trading in the range of .9480 to .9981. We can see it breaking the channel and is currently trying to retest. The immediate support levels to watch for are .91 to .94.
We can take a small position at around 0.9621 and DCA until .9081 with a STOPLOSS of 0.8711.
The targets to watch for are:
1.0444
1.0711
1.1324
1.1767
1.3511 and 1.5573 (This is for the long run)
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
ScramblerG is always there to help and trade with caution but DYOR.
#LDO/USDT#LDO
The price is moving within a descending channel pattern on the 1-hour frame and is expected to break upwards after it has adhered to it significantly
We have a downtrend on the RSI indicator that is expected to break upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 100
We have a trend to stabilize above the moving average of 100, which supports the rise
Entry price 1.02
First target 1.13
Second target 1.23
Third target 1.36
LDO READY to MOVEHello,
Welcome to the quick update of LDOUSDT. It is showing positive signs after consolidating around 1.49 to 1.58.
We can go long on this with a short-term target of around $ 1.78 to $1.87 and a long-term target of $2.27 and STOPLOSS of 1.48
Until then, stay tuned and trade with caution, ensuring strict STOPLOSSES!!
This is not financial advice, please do your research before investing, as we are not responsible for any of your losses or profits.
Please like, share, and comment on this idea if you liked it.
#LDO/USDT#LDO
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a bounce from a green support area at 1.67
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 1.85
First goal 2.17
Second goal 2.42
Third goal 2.68
Lido DAO Ldo price holds firmly#LDOUSDT price "fell slightly" at night compared to other altos and was very well bought back.
Is there any fundamental news around MIL:LDO ? Do you know anything about it?
As long as there is "strength at buyers", you should at least pay attention to the project, and as a maximum, you should take it)
Buying zone -10% down from the current price
The growth potential is +100%.
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#LDO/USDT#LDO
We have a bearish channel pattern on a 4-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards in a strong manner.
We have a support area at the lower border of the channel at $1.80 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have an uptrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 1.90
First goal 2.18
The second goal is 2.35
the third goal is 2.56
#LDO/USDT#LDO
We have a downtrend on a 4-hour frame, the price is moving within it and adhering to its limits well, and it has just been breached to the upside.
We have a major support area at Saad 2.30
We have a higher stability moving average of 100
We have a downtrend on the RSI that is about to break higher
Entry price is 2.60
The first goal is 2.71
The second goal is 3.00.
The third goal is 3.30
#LDO/USDT#LDO
The price moves in an inverted head and shoulders pattern
The right shoulder is now complete
Wall is expected for the upper border of the shoulder
We have a higher stability moving average of 100
We have bullish momentum on the RSI and an uptrend
We have a current breakout of the channel to the upside
Entry price is 0.2500
The first target is 0.3000
The second target is 0.3500
The third goal is 0.4000
📊#LDO double bottom structure📈🧠We can clearly see from the chart that a double-bottom bull structure has been established at the weekly level, and it fell back after encountering resistance in the resistance zone. It is currently building a bull structure at the daily or hourly level, and we look forward to continuing to move higher.🙏🚀🌕
Let's see👀
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#LDO/USDT | LONG#LDO
The triangle pattern was broken upward after bouncing from the main support area in green
We have support from the RSI indicator
We expect a small correction before completing the upside
We have a higher stability moving average of 100
Entry price is 3.20
The first goal is 3.30
Second goal 3.54
The third goal is 3.75
By break wedge(LDO)📊Analysis by AhmadArz:
wait for breake wedge
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