Lido Dao jumps 10 % – can TVL pay $ 38B $ LDO after $ 2? star-news.press/wp

Main meals

LDO increased by 9.91 % in 24 hours to $ 1.28, as TVL reached 38.17 billion dollars. The open interest increased to 273.66 million dollars, the financing rates remained positive and huge net flows – indicating a strong accumulation by immediate buyers.

Lido Dao (LDO) jumped 9.91 % in the past 24 hours to trade at $ 1.28, at the time of the press, according to Coinmarketcap.

The increase came, along with an increase of 122.74 % in the size of 24 hours to 391.95 million dollars, with a closed value (TVL) to 38.17 billion dollars.

TVL reflects the market morale among investors, based on the flow of money inside and outside the protocol.

From collapse to return

according to DevilleIn January, TVL reached its climax approximately 35 billion dollars before the exit of more than $ 20 billion in the protocol, indicating a shift towards short -term positions.

The renewed increase in flows shows that investors close the assets in the protocol again, which is a positive net for the distinctive symbol.

Last month alone, LDO gained 45 %, including 10.23 % gathering last day, at the time of the press, which enhances a shift in the investor’s confidence towards a bullish position.

Data outside the series show up buds on LDO

The standards outside the chain indicate that investors define more gains, as they provide liquidity in a pattern that corresponds to the upscale feelings.

Through the permanent markets for multiple central exchanges, traders have turned more optimistic, as the assembled financing rate reached 0.0094 % in the past 24 hours, at the time of writing this report, in all this Coinglass.

A positive financing rate indicates that more contracts in the derivative market are opened by long traders.

Moreover, the open interest increased by 35 million dollars to $ 273.66 million, which represents a decisive increase in the upcoming positions.

Step buyers on the site

The immediate market morale turned.

LDO recorded $ 1.71 million in net external flows of stock exchanges on August 10, which means that the distinctive symbols moved to private governors. Not to mention, this is a clear accumulation signal.

If this pressure continues, the LDO may aim at a break more than $ 1.50, with $ 2 as the next technical goal.

Perform update enhances feelings

At the end of her Q2 a reportLido Dao posted a modest look at the Stokeing Protocol.

The update highlighted the growth in the distribution of the distinctive street, as it reached 478.7 thousand, while maintaining the largest share of the public cloud.

Perhaps this positive update of performance played a major role in the last LDO gathering and in converting morale in the immediate market towards bullish bias.