Even though there were decreases, it was not evident in Lido’s development activity. Data by Santiment showed that the development activity, which dropped on 23 November, had revived to a value of 11.21 at press time. This meant that the team was continually polishing and refining upgrades in its protocol.
This was because the Relative Strength Index showed some attempt for buying power at 40.66. Thus, the bearish experience could become bullish, but there was no strong signal to signify the same.
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