Lista DAO price surges as total value locked hits all-time high

Lista DAO token price rose for the second consecutive day, reaching its highest level since June 11, and 112% above its lowest level this year. Lista DAO (LISTA), one of the biggest players in the BNB Chain, jumped as its total value locked jumped to a record high of over $2.1 billion. The assets have jumped from the year-to-date low of $396 million. Most of its assets are in its Lista Lending service, which uses the same model as Aave ( AAVE ). It operates a lending platform where users can access capital at low interest rates. Users can also deposit funds in the platform and earn returns. You might also like: Sei price sees double-digit gains, eyes key level above $0.3 The other assets are in its liquid staking platform, which enables users to monetize their staked Binance Coin ( BNB ) tokens. According to its website , it has a staked APY of 18.3%, much higher than BNB’s 11.8%. Lista DAO also saw its 24-hour volume increase by over 50% to $35 million. Its futures open interest has also soared to over $14 million, the highest level since June 4, a sign that its demand is rising. Lista DAO price technical analysis LISTA token chart | Source: TradingView The daily chart shows that the LISTA token bottomed at $0.1098 in April and then rebounded to the current $0.2340. It has moved above the 50-day and 100-day Exponential Moving Averages, confirming a bullish breakout. Lista price has moved above the ascending trendline, which connects the lowest swings since April 7. The two lines of the MACD indicator have formed a bullish crossover, while the Relative Strength Index (RSI) has jumped above the neutral level of 50. Therefore, the token will likely continue rising as bulls target $0.30, the descending trendline that connects the highest swings since January. A drop below the lower side of the ascending trendline at $0.1730 will invalidate the bullish outlook. Read more: Wormhole rebounds on Ripple deal, but can the rally bridge its risky gaps?

Source: crypto.news