The recent Lido DAO (LDO) price analysis has shown significant accuracy. On Friday, June 21, the recommendation was to short LDO at the resistance level of $2.30, with an expected drop to the $2.00 support level. As anticipated, the price reached a low of $1.991, validating the strategy and the identified golden pocket between $1.997 and $2.016.

TradingView Fibonacci Retracement

Initiating short positions on June 21 at around $2.245, or even at the close of the day at $2.263, would have resulted in an 11.62% profit.

TradingView Short Position Return

Additionally, the recommendation to reenter at $2.00 also proved accurate. At the time of writing, Lido has reached a high of $2.199 for the day. Reentering at $2.00 and exiting at approximately $2.15 would have yielded another 7.5% profit.

TradingView Long Position Return

Considering both the short position and the subsequent long position, a $100 investment would have realized a total profit of $19.99 or 19.99% within about 72 hours.

The effectiveness of the Chart of the Week analysis will continue to manifest in the long term, but the prediction success rate currently stands at 100%.

Stay tuned for future analyses each Friday. For more insights into cryptocurrencies and investment strategies, explore the latest news on Global Crypto News.

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