- 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, more likely 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 belongings.
Nevertheless, the outlook stays fragile, with the opportunity of a recent drop if bears regain management, significantly if the value revisits the $0.86 mark.
On-chain information provides to the cautionary tone, as whale exercise round LDO has spiked.
A notable giant holder lately moved a major quantity of tokens to main crypto exchanges, a transfer that would sign intent to promote and probably exert downward stress on the value.
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% up to now week.
Previously 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 positive aspects to beneath $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
A number of the bearish stress on Lido DAO worth is from whales promoting.
Revenue taking and different market dynamics have seen giant holders dump LDO tokens.
On-chain information and analytics tracker Lookonchain highlighted one such incident on Monday.
Per the information, 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 probably insider promoting additionally contributed to immediately’s worth decline.
Technical indicators present a bearish outlook. The Relative Energy 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 might goal resistance close to $1.00. Nevertheless, draw back motion might see it slide towards $0.80.
