Lido price action was stuck in the lower price range amidst weak BTC. A shorting opportunity is likely at this level...
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.Bearish bias prevailed across spot and futures markets at the time of writing.attempts to reclaim the psychological has been constrained at $1.95. Since late July, the altcoin has faced several price rejections at $1.95, but entered a narrow price range between $1.95 – $1.80.
The price chart indicators recorded weak readings at the time of writing. For example, the Relative Strength Index’s value was 46 and has stayed below 50 for the past seven days. It demonstrates the weak buying pressure over the same period.
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