Besides the radiant LDO show, there were downsides to the protocol’s condition. According to Token Terminal, the revenue registered by Lido in the last 30 days was far from dazzling. At the time of writing, the 30-dayOn the bright side, the revenue decline could not keep the Lido network in ruination. This was due to the participation of the developers in the ecosystem.
at $1.07, and a 67.50% volume hike, it was possible to see more upside. Indications per the Directional Movement Index revealed high rising levels on the positive outlook. At 46.35, LDO seemed in pole position not to retract its uptrend, compared to the -DMI at 7.48. In the case of the Average Directional Index , it was strongly in support of the +DMI. This was because trended above 25. Since the ADX heeded the +DMI direction, short term investors might want to consider this a buying position.Nevertheless, the chance of a market downturn was still rife. One indicator that could lead LDO into a price reversal was the Relative Strength Index . At press time, the RSI was 81.91. Beaming at such a high position, it was evident that LDO was oversold.
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