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.
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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.
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