DAOMaker and Flamingo prices are in green after posting impressive gains in the past few days. FLM/USDT bulls are firm above $0.35, and DAO/USDT buyers may break above $2. DAOMaker (DAO) The platform’s codes are certified by Hacken and CertiK—two of the world’s best blockchain security firms. It aims to use the masses to fund potent projects using DAO for governance. Past Performance of DAO After impressive performances in the first quarter of the year, DAO prices peaked in April before plunging, bottoming out in mid-July 2021. Thus far, DAO is still down over 70 percent from peaks, trading below critical support—now resistance level at $2. However, DAO is up five percent on the last day of trading as buyers flow back. Day-Ahead and What to Expect Regardless of optimism, DAO/USDT is still trading within a bear breakout pattern as visible in the daily chart. Although gains are clear and prices above the main resistance line of the middle BB, bulls must close above $2. This will validate the double-bar bullish reversal of late July, catalyzing demand and initiating a buy trend continuation mirroring Q1 2021. DAO/USDT Technical Analysis At the time of writing, DAO is up five percent against the greenback. There are convincing follow-throughs of July 21 gains, a reason why traders are loading the dips. Still, traders can wait for a close above $2, preferably with high trading volumes, before targeting $3.5—the 61.8 percent Fibonacci retracement level of the H1 2021 trade range. Flamingo (FLM) The protocol comprises several DeFi solutions, including a wrapper, vault, a swapping platform, and a DAO using FLM token for governance. Past Performance of FLM FLM prices found support at a critical support level. At the time of writing, buyers are in control and may unwind losses of this month. The immediate resistance level is at $0.45—around July 2021 highs. Thus far, FLM is stable, adding two percent. Day-Ahead and What to Expect FLM buyers are likely to take charge in a revival, a shot in the arm for optimistic bulls. If there is a wide-ranging breakout with above-average trading volumes accompanying the upswing, FLM could lift off towards H1 2021 territory in the coming days. FLM/USDT Technical Analysis FLM buyers appear in control, reading from the daily chart. On the lower end, the middle BB and $0.35 is the immediate support level for traders expecting a pullback. A close above $0.45 could see FLM/USDT price surge towards $0.60.
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