Lido Finance: Decline in TVL, re-emergence of bears, and everything in between

revealed a persistent drop in Lido’s share of that vertical. As of this writing, Lido only controlled 29% of the market. On May 22, this stood at 32%.LDO’s price, which has risen 109% in the past month, could experience a downturn as analysis of its daily chart suggests the start of a bear market cycle.

An assessment of the alt’s moving average convergence/divergence revealed an intersection of the MACD line with the trend line in a downtrend on 27 January. The indicator has since been marked by red histogram bars. In fact, LDO’s price has since dropped by 9%, per CoinMarketCap. When an asset’s MACD line crosses the trend line in a downtrend, it often signals a potential trend reversal or a change in momentum. As a result, it is considered a bearish crossover, and traders often interpret it as a sell signal.Also, key momentum indicators such as the Relative Strength Index and the Money Flow Index were in downtrends. For example, at press time, LDO’s RSI was 52, while its MFI had fallen below the neutral line to be pegged at 37.24.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is Lido’s dominance in the liquid staking market at risk? Recent data suggests…Lido’s market share declines as Coinbase enters the liquid staking market. Competitors offer better APR rates and declining network growth affects the Lido token. According to Delphi Digital’s recent data, Lido’s market share declined significantly over the last year. This can be attributed to the entry of Coinbase into the liquid staking derivatives market in […]
Source: CryptoAmb - 🏆 22. / 68 Read more »

U.S. stocks fall with eyes on rate hikes; bonds decline - BNN BloombergShares in Europe declined on Monday along with U.S. equity futures as a note of caution crept in at the start of a week marked by interest-rate decisions and big-name company earnings on both sides of the Atlantic.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Curve Finance: Few factors to consider before you leap into any CRV tradeCRV’s price has rallied by over 100% since the year started. Buyers can no longer support any further price rally, as bullish sentiment weakens. The price of Curve Finance’s CRV token has seen a significant increase, doubling in value since the beginning of the current bull cycle. Exchanging hands at $1.08 at press time, the […]
Source: CryptoAmb - 🏆 22. / 68 Read more »