Lido DAO’s Bullish Momentum Strengthens Amid Positive Developments

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Lido DAO sees bullish momentum after a positive community call.
MACD, Bull Bear Power, and RSI indicate a strong buy for LDO.
Chaikin Money Flow supports ongoing buying pressure in the LDO market.

After starting the day poorly, bulls in the Lido DAO market neutralized the bear trend that had lowered the price to a 24-hour low of $2.04. This optimistic awakening might be attributed to the Lido Node Operator Community Call #5, which reviewed the project’s future strategy and highlighted some expected future advancements.

The latest developments include the Lido V2 testnet status and updates, a tour of the withdrawals procedure on Goeril, and an update on the Lido DVT Testnet #2.

Due to the discussions, LDO bulls achieved a new 7-day high of $2.41 before hitting resistance and retreating to $2.40 as of press time, a 14.97% increase from the previous closing.

The market capitalization and 24-hour trading volume climbed by 14.92% and 22.00%, respectively, to $2,068,824,746 and $148,903,677, demonstrating increasing interest and engagement in DAO among investors and traders, which mig…

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