The price of Lista DAO, a liquid staking protocol, has surged by 24% in the last 24 hours to trade at $0.7172, with a 4120% increase in trading volume to $824 million.
This surge comes as the biggest cryptocurrency exchange, Binance, among others, listed LISTA on June 20, when trading began at 10 a.m. UTC.
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🚨Lista DAO Airdrop Update! 🚨
The claims portal will open on June 19th at 09:00 UTC
Claim link (not live yet): https://t.co/pYwBhfqkkX
Trading will go live on Binance on June 20th at 10:00 UTC.
Eligibility:
– Early Adopter
– NFT Holders
– CAC Participants
– Binance Web3… pic.twitter.com/uZL9jNQFlG— ghabang.eth (@ghabang_eth) June 21, 2024
Initially priced at $0.565, LISTA’s value surged to $0.8423, reflecting strong market interest and investor confidence. DWF Labs strategically transferred 10 million LISTA tokens to various exchanges to ensure liquidity. With a total supply of 230 million tokens, LISTA now boasts a market capitalization of approximately $162.6 million.
In addition, Lista DAO announced an airdrop checker, which is available at Lista Airdrop Checker. This tool allows users to verify their eligibility for the airdrop. 8.5% of LISTA’s total token supply is allocated for the airdrop, allowing eligible participants to receive a portion of the tokens.
LISTA Price Statistics
- LISTA price:$0.7172
- Market cap:$164 million
- Trading volume:$824 million
- Circulating supply: 230 million
- Total supply: 1billion
Lista DAO Price May Breakout of the ascending Triangle
The Lista DAO price rebounded as bulls regained control, driving momentum to a new all-time high of $0.8423 after listing on the Binance exchange. However, the bullish momentum has slowed, allowing bears to push the price down in a corrective phase, as indicated by successive red candlesticks.
This pullback suggests some profit-taking and market consolidation after the strong surge. Traders should watch for support levels to gauge the next potential move.
LISTAUSD Analysis (Source: Dextools.io)
The LISTA/USD price suggests another opportunity for the bulls to increase the price. The price has been gradually rising along the lower trendline of an ascending triangle pattern, a formation that traders often interpret as a signal for continued bullish momentum.
Currently, LISTA is trading at the 50-day simple moving average (SMA), a crucial support level. This positioning gives the bulls a strong base to potentially push the price back to its all-time high of $0.8423.
Potential for Bullish Continuation Despite Short-Term Bearish Signals
The Relative Strength Index (RSI) has recently dropped from the overbought zone of 70 to the midline level of 50, indicating a reduction in buying pressure. However, if the price rebounds off the lower boundary of the ascending triangle, it could drive the RSI back up into the overbought zone at 70, signalling renewed buying interest.
Moreover, the Moving Average Convergence Divergence (MACD) indicator shows a downtrend, with the blue MACD line crossing below the orange signal line. This crossover typically indicates bearish momentum.
Nonetheless, the MACD remains above the neutral level, suggesting that the overall trend is still positive. A potential rebound in the MACD could help the bulls regain control and drive the price higher once again.
While the RSI and MACD indicate some short-term bearish signals, the overall technical setup, including the ascending triangle pattern and support at the 50-day SMA, suggests that there is still significant potential for a bullish continuation.
This could help the bulls rebound and drive the price above the ascending triangle to a new ATH of $1.0606. However, if the price trades below the lower trendline of the triangle, it would force the bulls to seek haven at the $0.6440 support level.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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