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Lista DAO Price Prediction: LISTA Spikes 45% as It Joins BNB Smart Chain Altcoin Trading Festive

Highlights:

  • The Lista DAO price is showing splendid bullish muscle, spiking 45% to $0.55.
  • Lista has joined BNB Smart Chain Festive, where users can receive a share of $250,000 USDC.
  • The LISTA technical outlook shows overbought conditions, cautioning traders of a potential pullback.

The Lista DAO price is showing strong bullish momentum, soaring 45% to $0.55. The daily trading volume has notably spiked by 563%, indicating heightened trading activity. Lista DAO ($LISTA) is garnering interest among investors in response to its participation in an ongoing festival by Binance for trading Smart Chain altcoins, where users can receive a share of $250,000 USDC. Through this promotion, it aims to provide volume and visibility to the token by trading $LISTA pairs (USDT, USDC, BNB, TRY). 

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As a result of the event, the Listo DAO has strengthened its DeFi position. Lista is gaining recognition as a potential altcoin with strong fundamentals, as it has a total value locked of $2.481 billion and a market capitalization of $106.34 million. Current metrics indicate an annualized revenue of $10.89 million, with fees totalling $20.39 million. Notably, 38.3% of the market cap is staked, demonstrating an active community that supports token stability and liquidity in general.

Lista DAO Total Value Locked: DeFiLlama

On the other hand, investor confidence is also reflected in the long/short ratio, which indicates that 51.11% of positions are long and 48.89% are short. This nearly symmetrical distribution, with a slight long bias, is indicative of traders’ cautious optimism towards and confidence in $LISTA’s continued growth, as well as its volatility. Meanwhile, the long-to-short ratio at 1.0454 suggests that bullish sentiment is increasing in the LISTA market.

LISTA Long/Short Ratio: CoinGlass

Lista Dao Price Cautions of Overbought Conditions

The LISTA/USD daily chart shows the price at $0.55, representing a solid climb in a parabolic curve. The 50-day and 200-day Simple Moving Averages (SMA) hover around $0.29 and $0.23, respectively, and the Lista DAO price is trending a good distance above them. If these key support zones hold strong with strong volume, the Lista Dao price could soar to $0.60 before a pullback kicks in.

Lista Dao price
LISTA/USD 1-day chart: TradingView

The Relative Strength Index (RSI) is sitting at 81.39, which is in the overbought territory. This suggests that there is intense buying pressure. However, its move above 70+ cautions traders not to be too greedy. Notably, the Moving Average Convergence Divergence (MACD) indicates a bullish crossover around October 1, and has been soaring ever since, signalling building momentum. 

Looking ahead, the Lista Dao price could still be a play for bold investors eyeing a short-term scalp, targeting that resistance level for a quick exit. However, with RSI in the danger zone and a 45% run already in the bag, the risk of a pullback is real. Historical data suggest that LISTA might consolidate around the $0.40 to $0.35 range if profit-taking occurs. 

In the long term, investors may want to hold off unless they see a retest of support with higher volume. Patience could pay off big. The trend on the chart is a mix of hype and caution. Investors who are late to the party should consider waiting for a dip or a clearer signal to enter.

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