Synthetix DEX Makes Comeback on Ethereum Mainnet Following 2022 Departure
Synthetix Relaunches on Ethereum: Synthetix has reintroduced its perpetual futures decentralized exchange on the Ethereum mainnet after a two-year period on Layer-2 networks, utilizing off-chain matching with on-chain settlement for improved trading scalability.
Private Beta Launch: The relaunch begins with a private beta, allowing 500 selected users to trade with up to 50x leverage on Bitcoin, Ethereum, and Solana markets, while deposit caps and withdrawal features are being monitored for future expansion.
Reasons for Returning to Mainnet: The decision to return to Ethereum was influenced by lower gas prices and recent upgrades, as the team believes Ethereum can now better support complex trading activities without the limitations faced on Layer-2 solutions.
Future Expansion Plans: Synthetix aims to enhance its platform through 2026 by introducing multi-collateral margin, new order types, and deeper integration with Ethereum-based DeFi applications, following a reset in leadership and team structure.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for LDO
Technical Sentiment Analysis for Lido DAO (LDO). As of , Lido DAO (LDO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for LDO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, LDO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lido DAO (LDO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.221 | 0.249 | 0.275 | 0.303 | 0.329 | 0.357 | 0.383 |
| Fibonacci | 0.249 | 0.27 | 0.282 | 0.303 | 0.324 | 0.337 | 0.357 |
About LDO
About the author
