- Lido DAO (LDO) dips 3.8% in 24 hours amid market volatility.
- Weekly performance remains positive with a 2.1% gain.
- Price shows early signs of a bullish breakout near $0.90 support.
- RSI and MACD suggest cautious optimism for potential reversal.
Lido DAO (LDO) is facing bearish pressure with a slight decline in its value. In the past 24 hours, LDO has fallen by approximately 3.8%, reflecting increased selling pressure. Despite this, weekly performance remains slightly positive, indicating ongoing investor interest.
At the time of writing, LDO is trading at $0.9081, with a 24-hour trading volume of $98.67 million, up 2.56%. The token’s market capitalization stands at $813.61 million, down 3.81%. This mix of higher trading activity and a declining market cap suggests traders are cautious amid short-term volatility.
Also Read: Lido DAO (LDO) Price Eyes $2.80 Target After Strong Breakout
LDO Builds Momentum For Potential Breakout
LDO is forming a channel pattern, showing early signs of bullish momentum after consolidating around the $0.90 support zone. The structure highlights multiple touches at the midline, signaling that price compression is nearing completion. As buyers regain control, strength is building toward a major breakout.
The chart indicates a break above the descending trendline, with candles holding steadily above the accumulation zone. Increasing volume supports the possibility of a sustained uptrend, indicating weakening seller pressure. The overall price structure aligns with a bullish reversal outlook, supported by the rising momentum near the 3D chart’s mid-channel.
Crypto analyst @VipRoseTr has suggested that as soon as a breakout is confirmed above MA50, targets will reach $1.60, $2.50, and then $3.80. The suggested targets signify a resistance level where traders can withdraw their profits. In a clean breakout above $1.20 in the weekly chart, a steep rise can occur and will confirm a buy setup to reach near the top of the channel.
Technical Indicators Suggest Cautious Trading Strategy
The current value for the RSI is 44.40, which is below the neutral level of 50.50. The level suggests that there is some bearish pressure. The value indicates that there is some reduction in the strength of buyers for Lido DAO (LDO), but not to an extent that is considered to be in an oversold position. Breaking below 40 could reinforce pressure. While a recovery above 50 may hint at renewed bullish interest.
The MACD line (-0.03483) has moved below the signal line (-0.02175), indicating a bearish cross. The histogram is actually turning red in color, highlighting a reduction in market strength. The bearish cross of the MACD and its resultant effect indicate that a downtrend is likely to persist in this market until a fresh buy signal is generated.
Also Read: Lido DAO (LDO) Shows Bullish Growth Potential: Will It Reach $6.15?
