Lido DAO price has been moving sideways for the past month or so, with minor increases and decreases noted every now and then. However, the lack of a
Lido DAO price is currently trading at $1.53, inching closer to testing the $1.45 support line. Losing this line would push 48.9 million LDO into losses days after 73 million LDO lost their profitability. A further decline in LDO would, however, give a clear trend as the MVRV suggests a bounce back from the opportunity zone is likely. clear trend has left the investors uncertain as to whether their holdings will ever become profitable or not.
The fate of millions of LDO Since Lido DAO price has not recovered or crashed yet, LDO supply has been dangling somewhere in between that uncertainty. According to the Global In/Out of the Money indicator, which measures the profitability of the tokens by comparing the purchase price with the last moved price, about 48.89 million LDO is facing potential losses. Purchased at an average price of $1.52, the lower band of the range stands at $1.47, above the critical support line.
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