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.
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
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.
