{"id":118324,"date":"2023-07-05T18:14:53","date_gmt":"2023-07-05T18:14:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/lido-reclaims-2-more-gains-ahead-crypto-news\/"},"modified":"2023-07-05T18:14:55","modified_gmt":"2023-07-05T18:14:55","slug":"lido-reclaims-2-more-gains-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/lido-reclaims-2-more-gains-ahead-crypto-news\/","title":{"rendered":"Lido reclaims $2, more gains ahead?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><i data-stringify-type=\"italic\">Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer&#8217;s opinion.<\/i><\/p>\n<ul>\n<li><em>Bullish charges took Lido above $2.<\/em><\/li>\n<li><em>The CMF highlighted the strong capital inflows.<\/em><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/BTC\" data-wpel-link=\"internal\">Bitcoin [BTC]<\/a>  Easing off from the $31k price zone was reflected in minor dips for altcoins. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/LDO\" data-wpel-link=\"internal\">Lido&#8217;s [LDO]<\/a>  The bullish rally saw it climb above the $2 price level before the latest pullback.<\/p>\n<hr\/>\n<p style=\"text-align: center;\">read <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/predictions\/lido-dao-price-prediction\" data-wpel-link=\"internal\">Lido&#8217;s [LDO] Price Prediction<\/a> 2023-24<\/p>\n<hr\/>\n<p>With LDO trading at $2.16, as of press time, bulls will be hoping to keep price above $2 to continue its upward trend and possibly flip Lido bullish with a break of the $2.46 resistance level.<\/p>\n<h4><strong>Bulls finally reclaim $2<\/strong><\/h4>\n<div id=\"attachment_325211\" style=\"width: 1917px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDOUSDT_2023-07-05_09-26-58.png\" data-wpel-link=\"internal\"><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-325211\" class=\"size-full wp-image-325211\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDOUSDT_2023-07-05_09-26-58.png\" alt=\"Lido price chart with green and red bars on a dark background\" width=\"1907\" height=\"1084\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDOUSDT_2023-07-05_09-26-58.png 1907w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDOUSDT_2023-07-05_09-26-58-300x171.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDOUSDT_2023-07-05_09-26-58-1024x582.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDOUSDT_2023-07-05_09-26-58-768x437.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDOUSDT_2023-07-05_09-26-58-1536x873.png 1536w\" sizes=\"auto, (max-width: 1907px) 100vw, 1907px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-325211\" class=\"wp-caption-text\">Source: LDO\/USDT on TradingView<\/p>\n<\/div>\n<p>The $2.46 resistance level has acted as a major deterrent to bullish gains after it was flipped from support to resistance in mid-April.  Price has suffered two significant rejections at the level in mid-May and early June.<\/p>\n<p>With the market&#8217;s bullish sentiment spurring buyers, Lido rallied from the $1.76 support level to break above $2 on 1 July.  Furthermore, the bulls quickly advanced to register 9.4% gains from the $2 support before the recent pullback.<\/p>\n<p>The pullback could offer a retest of the $2 support level, presenting new buying opportunities for bulls with the $2.46 level in sight.  On the flip side, a drop below $2 will invalidate the bullish proposition, especially if BTC can&#8217;t hold on to $30k.<\/p>\n<p>The eased buying pressure occasioned by Bitcoin&#8217;s pullback saw the Relative Strength Indicator (RSI) drop out of the overbought zone.  However, it remained above the neutral 50, with a reading of 61 to denote the active presence of buyers.<\/p>\n<p>The Chaikin Money Flow (CMF) was even more bullish, rising to +0.32 before a slight dip to +0.29.  This highlighted strong capital inflows for Lido.<\/p>\n<h4><strong>Speculators remain bullish on Lido<\/strong><\/h4>\n<div id=\"attachment_325216\" style=\"width: 1811px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-325216\" class=\"size-full wp-image-325216\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1801\" height=\"872\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate.png 1801w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-300x145.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-1024x496.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-768x372.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-1536x744.png 1536w\" data-lazy-sizes=\"(max-width: 1801px) 100vw, 1801px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-325216\" class=\"size-full wp-image-325216\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate.png\" alt=\"\" width=\"1801\" height=\"872\" srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate.png 1801w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-300x145.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-1024x496.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-768x372.png 768w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/07\/LDO_OI_Funding-Rate-1536x744.png 1536w\" sizes=\"auto, (max-width: 1801px) 100vw, 1801px\"\/><\/noscript><\/a><\/p>\n<p id=\"caption-attachment-325216\" class=\"wp-caption-text\">Source: Coinalyze<\/p>\n<\/div>\n<hr\/>\n<p style=\"text-align: center;\">How much are <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/convert\/1-ldo-to-usd\" data-wpel-link=\"internal\">1,10,100 LDOs worth today<\/a>,<\/p>\n<hr\/>\n<p>Lido&#8217;s ascent above $2 on July 1 was reflected in the Open Interest rising by $20 million, per <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinalyze.net\/lido-dao\/open-interest\/\" data-wpel-link=\"external\">Coinalyze<\/a>,  This showed strong backing for Lido&#8217;s bullish run by market speculators.  Although the OI eased at press time, the overall sentiment in the futures market remained bullish.<\/p>\n<p>Since 29 June, the Funding Rate has been positive.  Ergo, Lido buyers can look to advance the bullish charge with more long opportunities on the horizon.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer&#8217;s opinion. Bullish charges took Lido above $2. The CMF highlighted the strong capital inflows. Bitcoin [BTC] Easing off from the $31k price zone was reflected in minor dips for altcoins. Lido&#8217;s [LDO] The bullish rally [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":118325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-118324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=118324"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118324\/revisions"}],"predecessor-version":[{"id":118326,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/118324\/revisions\/118326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/118325"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=118324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=118324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=118324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}