Lido Finance [LDO]: Assessing what went wrong with this token in the last seven days - Aliens: AI Crypto News & Markets Updates
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Lido Finance [LDO]: Assessing what went wrong with this token in the last seven days

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AMB Crypto

Sun, Jun 26, 2022

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Aliens TLDR

According to data from CoinMarketCap, the protocol’s native token, LDO , also witnessed a price growth of 16% within the period under review.

On 17 June one LDO token stood at $0.54.

The price of the LDO token rallied by 16% to register a high of $0.63 by 24 June.

Within this period, the price per LDO token went as high as $0.69 on 21 June.

Although the price saw an uptick between 17 June and 24 June, movements of the Relative Strength Index (RSI) and the Money Flow Index (MFI) revealed significant bearish signals.

In addition, the daily active addresses that transacted the LDO within the period under review ticked a high of 309 on 21 June.

Furthermore, the whales were not enthused enough by the rising price of the LDO token between 17 June and 24 June, to ramp up transactions.

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