Lido DAO most ‘overbought’ since April as LDO price rallies 150% in two weeks — what’s next?

2022.07.17 15:25

The price of Lido DAO (LDO) dropped heavily a day after its key momentum oscillator crossed into “overbought” territory.

LDO’s price plunged to as low as $1.04 on July 16 from $1.32 on July 15, amounting to a 20%-plus decline. The token’s sharp downside move took its cues from multiple bearish technical indicators, including its daily relative strength index (RSI) and its 100-day exponential moving average (EMA).