LDO price faces downside risks from “sell-the-news” sentiment coupled with a bearish technical setup.
Several altcoins have not only outperformed Bitcoin and Ethereum in the last three months but have also posted impressive gains.
It’s not just ETH price that stands to benefit from Ethereum’s move to proof-of-stake in September.
LDO price is up roughly 30% over the past day, gaining approximately 500% since mid-June.
LDO has recently witnessed a growing bearish divergence between its price and key momentum oscillator.