Liquid Staking Derivatives USD Cryptocurrency Forecast
Big movements in Liquid Staking Derivatives USD cryptocurrency price on Thursday moving 271.43% between high and low
(Updated on May 30, 2024)
The Liquid Staking Derivatives USD cryptocurrency price gained 57.91% on the last trading day (Thursday, 30th May 2024), rising from $0.0251 to $0.0396. During the last trading day the cryptocurrency fluctuated 271.43% from a day low at $0.0250 to a day high of $0.0930. The price has risen in 5 of the last 10 days and is up by 52.28% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 199 thousand more shares were traded than the day before. In total, 208 thousand shares were bought and sold for approximately $8.23 thousand.
Given the current short-term trend, the cryptocurrency is expected to fall -13.85% during the next 3 months and, with a 90% probability hold a price between $0.0110 and $0.0341 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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LSDUSD Signals & Forecast
Mostly positive signals in the chart today. The Liquid Staking Derivatives USD cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0278 and $0.0204. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 176.63%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Liquid Staking Derivatives USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Liquid Staking Derivatives USD cryptocurrency
Liquid Staking Derivatives USD finds support from accumulated volume at $0.0393 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0680 between high and low, or 271.43%. For the last week, the cryptocurrency has had daily average volatility of 59.68%.
Our recommended stop-loss: $0.0382 (-3.60%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 63 days ago.)
Trading Expectations (LSDUSD) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Liquid Staking Derivatives USD to open at $0.0525, and during the day (based on 14 day Average True Range), to move between $0.0288 and $0.0504, which gives a possible trading interval of +/-$0.0108 (+/-27.33%) up or down from last closing price. If Liquid Staking Derivatives USD takes out the full calculated possible swing range there will be an estimated 54.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0393, some $0.0003 (0.80%) from the current price of $0.0396, our system finds the risk reward attractive.
Is Liquid Staking Derivatives USD cryptocurrency A Buy?
Liquid Staking Derivatives USD holds several positive signals and despite the cryptocurrency being in a falling trend, we considered it to be a good choice at these current levels. We expect Liquid Staking Derivatives USD cryptocurrency will perform very well in the next 3 months. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.500 Strong Buy Candidate Upgraded
Predicted Opening Price for Liquid Staking Derivatives USD of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| $0.0525 ( 32.70%) | $0.0396 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LSDUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.120 | 204.32 % | |
| R2 | 0.0945 | 138.76 % | ||
| R1 | 0.0785 | 98.26 % | ||
| Current price: | 0.0396 | |||
| Support | S1 | 0.0266 | -32.87 % | |
| S2 | 0.0105 | -73.37 % | ||
| S3 | -0.0154 | -138.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0396 | |||
| Support | S1 | 0.0393 | -0.80% | |
| S2 | 0.0316 | -20.23% | ||
| S3 | 0.0304 | -23.15% |
FAQ
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