- Lido DAO (LDO) worth fell almost 10% as altcoins dumped.
- Bitcoin’s bounce sees Lido DAO worth get well to a key stage.
- Bears are, nevertheless, prone to pull LDO decrease.
Lido DAO (LDO), a number one liquid staking protocol available in the market, noticed its native token’s worth dip by almost double digits as volatility hit cryptocurrencies early Monday.
Lido DAO (LDO) has rebounded to a key technical stage alongside a broader restoration in danger property.
Nevertheless, the outlook stays fragile, with the potential for a contemporary drop if bears regain management, notably if the worth revisits the $0.86 mark.
On-chain information provides to the cautionary tone, as whale exercise round LDO has spiked.
A notable massive holder lately moved a big quantity of tokens to main crypto exchanges, a transfer that might sign intent to promote and probably exert downward strain on the worth.
Lido DAO worth slips to key assist stage
Lido DAO’s worth hovered above $1.16 final week. Nevertheless, with altcoins nonetheless unable to grasp an altseason, the token’s worth has ridden draw back motion to slide greater than 16% previously week.
Up to now 24 hours, the LDO token’s worth dipped to $0.86. This decline in early buying and selling hours on Could 19, 2025, largely aligned with Bitcoin’s dip from above $106k.
A broader market pattern that additionally noticed Ethereum shed good points to under $2,300 additionally formed Lido DAO’s worth motion.
“The broader crypto space is seeing similar momentum. Coinbase is set to join the S&P 500 tonight — a landmark moment for institutional credibility, coming on the heels of its acquisition of Deribit. Mainstream adoption is no longer a question of “if. Volatility markets agree. Despite sideways spot action, crypto vols remain firm, and $BTC call skew is holding across tenors — a sign of structurally bullish positioning,” QCP analysts posted.
LDO worth evaluation
Among the bearish strain on Lido DAO worth is from whales promoting.
Revenue taking and different market dynamics have seen massive holders dump LDO tokens.
On-chain information and analytics tracker Lookonchain highlighted one such incident on Monday.
Per the info, a big whale dumped 21.3 million LDO tokens (value about $21.6 million) over the previous week.
The promoting added to the general revenue taking offers, pushing the Lido DAO worth down greater than 25% over the week.
Hypothesis of seemingly insider promoting additionally contributed to right this moment’s worth decline.
Technical indicators present a bearish outlook. The Relative Power Index (RSI) signifies LDO is close to the oversold territory.
In the meantime, the Transferring Common Convergence Divergence (MACD) suggests weak spot with a bearish crossover.
If LDO holds above $0.86, it may goal resistance close to $1.00. Nevertheless, draw back motion may see it slide towards $0.80.