Investors in the cryptocurrency market seem to be caught in the middle. On the other hand, the market Bitcoin halving, while hinting at an upcoming decline, a long-term bullish outlook may form. The end of the low is one factor that keeps investors holding steady in their positions.whether virtual currency portfolio From as little as $1,000 to as large as $1, it's important to consider which cryptocurrencies you're most likely to purchase, including tokens like Lido DAO (LDO) and Panda Swap (Panda).
According to most industry experts, the market is expected to remain depressed even after the Bitcoin halving. This is the time for investors to rebalance their portfolios by selling some coins and seeking more exposure in other tokens, while retaining their chosen cryptocurrencies to purchase assets. .
1. Lido DAO (LDO)
Over the past two weeks, the Lido DAO coin price has traded sideways amid Bitcoin's post-halving correction, struggling to break above the $2.175 resistance level. Significant price movements on a horizontally extending daily chart indicate no clear buyer or seller advantage. However, the fact that this altcoin sits at key annual support indicates that buyers are likely to regain trend control and start a new rally.
Under the influence of the downtrend line, Lido Dao Coin has shown steady correction in the past two months. This bearish reversal caused the altcoin to plummet from $3.64 to its current trading price of $2, a loss of 43%.
If demand pressure at the lower trend line remains intact, LDO price could move above $2.175 as the first sign of a reversal. However, buyers will need to break out of the overhead trend line to build enough momentum to lead the rally above $3.
2. Panda Swap (PANDA)
The digital currency PANDA currently boasts a market capitalization of $9 million, securing its position among the top 1111 cryptocurrencies listed on CoinMarketCap. Recently, Panda's trading volume surged by 260%, reaching $4.28 million in the past day. This significant increase in trading activity suggests that traders are actively tackling the coin’s volatility to optimize their market strategies.
PANDA's integration into various DEXs is an important step forward in strengthening its visibility and position within the digital currency space. PANDA employs an Automated Market Maker (AMM) model with a centralized limit order book to ensure fast trading and consistent liquidity.
This setting is also attractive to those interested in yield farming opportunities. The strong and active community surrounding PANDA has been critical to PANDA's growth and recent market price rise.
PANDA is currently encountering a significant resistance level at $0.015. This price point is crucial to sustaining the upward trajectory and could set its sights on the $0.02 mark if the bullish momentum persists. On the contrary, if the bearish trend reappears, the token could return to the $0.011 support level.
Technical indicators further support the positive outlook for panda prices. The Moving Average Convergence Divergence (MACD) remains positive and the MACD line is above the signal line on the daily chart, highlighting bullish market conditions.
The Relative Strength Index (RSI) confirms this bullish sentiment, sitting at a solid level of 78.97. This number is just above the commonly overbought threshold of 70, suggesting that buying pressure remains strong.
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