Is LidoDAO [LDO] set for a trend reversal after a 483% rally
, has exceeded expectations in matters of price recovery. Well, thanks to the wild volatility faced by the altcoin.
The reason behind this is not speculation or a bearish attitude. But the saturation of buying pressure which was responsible for the rally up until now. As evinced by the Relative Strength Index , a similar instance took place last week. And, LDO fell by almost 15%, only to recover it all in the previous 24 hours of press time. Thus, bringing the rally to 483.07%.
However, LDO holders do not have to worry about a trend reversal since the altcoin is in a safe spot.Even if prices do correct slightly, investors will HODL their supply until recovery hits as their transactions over the last two months have been in excessive profits. Something that they would not want to lose by selling at a lower price.
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