Lido (LDO) broke another bullish support, as sellers extended the price dip to $3.
Lido (LDO) extended its bearish retracement by breaking the key support level of $3.2. The initial dip from $4 was briefly halted by bulls with a bullish candle at the previous support level but the intense selling pressure resulted in a 12% dip over the past 24 hours.
This follows a general reversal in the crypto market with Bitcoin (BTC) dropping to the $41k price zone and the global marketcap of cryptocurrencies decreasing by 3.27% over the past day.
Bitcoin's dip below a key support hinted at a return of selling pressure for BTC's spot market.
Despite its long term potential, TIA's price action has been bearish for most of 2024. Is it safe to maintain the altcoin in your portfolio?
The approval of Ethereum ETFs had little effect on ETH's price action. How will it play out over a longer timeframe?
BNB's bullish price action at the key support level of $594 saw the altcoin maintain its uptrend with the possibility of reaching a new all-time high.
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This incident has drawn comparisons to Solana, another high-performance blockchain with a history of similar disruptions.
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
