, the #66 largest cryptocurrency shares a statistically significant positive correlation with Bitcoin [BTC]. However, within the same period, the price of BTC did not log a similar price growth.As of this writing, LDO traded at $1.95. Although the token saw a significant price rally in the past seven days, a look at its performance in the past 24 hours told a different tale.
On a daily chart, LDO investors were spotted to have gradually emptied their bags. As of this writing, the token’s Relative Strength Index was positioned below the 50 neutral spot at 47. starts to fall, this is an indication that “previously dormant addresses are beginning to ‘wake up’ and move heavy amounts of coins that had been sitting for a while.” This usually precipitates a bull run. As seen in LDO, its MDIA continues to fall; hence further price upside is guaranteed.