Token Drops 15% But Eyes Recovery Toward $3.00

• Lido DAO (LDO) extends its decline, falling over 15% in 24 hours.
• Weekly losses deepen to more than 22%, reflecting sustained selling pressure.
• Market capitalization falls to $800.21 million as selling pressure intensifies.
• Technical indicators hint at a cooling phase before any major reversal.

Lido DAO (LDO) faces mild downward pressure but continues to demonstrate resilience in a bearish market environment. Over the past 24 hours, the token has dropped by nearly 15.09%, deepening its weekly loss to over 22.3%.

At the time of writing, LDO is trading at $0.8871, with a 24-hour trading volume of $178.53 million, down by 1.4%. Its market capitalization stands at $800.21 million, showing a steep 15.2% decline in the same period.

The consistent fall in both price and volume highlights the broader weakness in investor participation. Market players appear cautious, especially as LDO struggles to maintain momentum after multiple failed recovery attempts.

Also Read: Lido DAO (LDO) Price Eyes $2.80 Target After Strong Breakout

Technical Picture Suggests Base Formation

The LDO chart reveals a critical shift following months of downside movement within a descending parallel channel that began in early 2023. The token consistently made lower highs and lower lows, reflecting sustained weakness. However, recent price action near the $0.85–$0.90 zone signals a potential base-building phase.

After several successful retests of this horizontal support, LDO is showing its first breakout attempt from the upper channel boundary. The move suggests fading selling pressure and an early reversal setup.

If the momentum holds, the price could aim for the $1.30–$1.70 range in the short term, with a possible extension toward $2.50–$3.00 in a stronger rebound scenario. Price stability at or above $0.85 in the future will be essential in confirming this bull view. A fall below it may, however, initiate retesting in the area around $0.75.

Indicators Point to Cooling Momentum

Momentum indicators show mixed signals. The Relative Strength Index (RSI) is at 44.46, which indicates a weak bearish attitude. A recent dip below the signal line (51.67) suggests declining purchasing strength, but the RSI still stays above the oversold area and suggests restricted but potential downward space.

On the other hand, the MACD indications are in favor of caution. The blue line (-0.00336) is lagging behind the signal line (-0.00984), and the histogram is also changing to light red with weakening bullish pressure. In combination, these indications suggest a short-term cooling-down process or horizontal consolidation before any substantial trend change.

Also Read: Lido DAO (LDO) Eyes Breakout: Double Bottom Pattern Signals Rally to $1.87