LDO - Divergences are surfacing
Assets covered: LDO
Metrics used: Price, Volume, Transaction volume, Social volume, Supply Distribution, Age consumed
Looks like LDO might be showing some signs of buyer exhaustion as divergences are starting to surface.
Price/Volume divergence is observed as price continues to rise but each spike is seeing lower trading volumes coming in, which is typically indicative of buyer exhaustion.
In a healthy growing market, we should be seeing higher prices and higher trading volumes. But we are not seeing that at the moment.
Likewise, transaction volume has seen a drastic drop, establishing lower highs as prices kept on making higher highs.
We did see some decent growth in social volume with growing prices at the start of the rally but
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