#YFI CRYPTO NEWS UPDATE#
#YFI CRYPTO NEWS FREE#

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However, a pullback to sub-$2.00 would see LDO face intense selling pressure. From there, LDO would need to return to $4.00 levels to maintain the upward trend.

#YFI CRYPTO NEWS FREE#

Looking at the trends, a breakout from Thursday’s high of $2.658 would give LDO a free run at the May high of $3.56. A mixed start to Saturday saw LDO rise to an early high of $2.570 before falling to a low of $2.392.

#YFI CRYPTO NEWS UPDATE#

The staking numbers dictate the LDO correlation with ETH, which could leave LDO in the hands of the Merge update news.Īt the time of writing, LDO was down 0.50% to $2.396. Progress towards the Ethereum Merge delivered LDO the breakout week.Īway from the technicals and Merge updates, Ether staking numbers provided direction. Tracking the broader market, LDO fell to a Tuesday low of $1.321 before rallying to a Thursday high of $2.658.ĭespite a pullback from the week high, LDO avoided a return to sub-$2.00, with three bullish days from five sessions delivering the upside. Last week, Lido DAO (LDO) rallied by 49.02% to $ 2.435. (There is no EMA technical analysis due to the available price points).ĮTCUSD 300722 4-Hourly Chart Lido DAO (LDO) However, market sentiment across the broader crypto market will need to improve for a breakout from $1.90. Looking at the trends, a breakout from the week high of $1.880 would support a run at $2.00. A choppy start to the weekend saw OP jump to a July high of $1.880 before sliding into the red. The platform also released Drippie, a new transaction system, which added further support.Īt the time of writing, OP was down 3.59% to $1.775. News of Curve Finance submitting a governance proposal on Optimism for 100 million OP tokens for distribution on the Curve Pool delivered early support. While broader crypto market sentiment delivered support, Optimism news updates delivered the breakout week. A bearish start to the week saw OP fall to a week low of $0.7458 before rallying to a Friday high of $1.732.Ī late Friday decline saw OP ease back to end the week at sub-$1.50. Last week, Optimism (OP) surged by 99.85% to end the week at $1.837. Ethereum Classic ( ETC), Lido DAO ( LDO), Oasis Network ( ROSE), and yearn.finance ( YFI) also outperformed the pack. Upbeat crypto market sentiment also allowed investors to brush aside news of a delay to the ( ADA) Vasil hard fork.Īcross the CoinMarketCap crypto top 100, the bullish week saw several cryptos outperform the broader market. From the crypto news wires, investor sentiment toward the Ethereum ( ETH) Merge continued to deliver support.

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