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Lido’s breakout: How $2.70 can define LDO’s next move

AMBCrypto LogoAMBCrypto1d ago

Lido’s breakout: How $2.70 can define LDO’s next move - AMBCrypto

Quick Summary:

LDO’s bullish outlook emerges from a falling wedge breakout, supported by strong volume and key support at $1.88.

The market capitalization of $1.85 billion underscores LDO’s central role in the DeFi ecosystem, supported by its contributions to the TVL.

A recent surge in Open Interest coincided with the token’s rebound from its $1.40 support level, indicating increased participation from both long and short positions.

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Lido’s breakout: How $2.70 can define LDO’s next move - AMBCrypto (Picture 1)Lido’s breakout: How $2.70 can define LDO’s next move - AMBCrypto (Picture 2)

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Article Details

Author / Journalist: Clinton Otieno

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-06 @ 09:00:49 (1 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 731 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 24913297

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About AMBCrypto

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Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 15 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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  • URL: https://beamstart.com/news/lidos-breakout-how-270-can-17361541107492

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