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LDO Price Drops 6% as Lido DAO Tests Critical Support Levels
The post LDO Price Drops 6% as Lido DAO Tests Critical Support Levels appeared on BitcoinEthereumNews.com. Luisa Crawford Aug 29, 2025 14:07 LDO trades at $1.20 after a 5.97% decline, with technical indicators showing bearish momentum as the token approaches key support at $1.19. Quick Take • LDO currently trading at $1.20 (-5.97% in 24h) • Lido DAO’s RSI sits in neutral territory at 45.86, but MACD shows bearish divergence • No major news catalysts in recent days, with price action driven by technical factors What’s Driving Lido DAO Price Today? The LDO price decline appears to be primarily technical in nature, with no significant news events emerging in the past week to explain the 5.97% drop. This absence of fundamental catalysts suggests that current price action is being driven by profit-taking and technical selling pressure. The lack of fresh developments around Lido DAO’s liquid staking protocol may be contributing to reduced investor interest in the near term. With Ethereum staking yields remaining relatively stable and no major protocol updates announced recently, LDO has been trading more on technical patterns than fundamental drivers. The current selling pressure has pushed LDO price below several key moving averages, creating a cascade effect as technical traders respond to these breakdown signals. LDO Technical Analysis: Bearish Signals Emerge Lido DAO technical analysis reveals mounting selling pressure across multiple indicators. The most concerning signal comes from LDO’s MACD, which shows a negative histogram of -0.0340, indicating bearish momentum is building. When the MACD line sits below the signal line as it currently does, this typically suggests continued downside pressure for LDO price. LDO RSI at 45.86 remains in neutral territory, providing some hope that the token isn’t yet oversold. However, this reading also means there’s room for further decline before reaching oversold conditions that might trigger a bounce. The Stochastic oscillator paints a…
The post LDO Price Drops 6% as Lido DAO Tests Critical Support Levels appeared on BitcoinEthereumNews.com.
Luisa Crawford Aug 29, 2025 14:07 LDO trades at $1.20 after a 5.97% decline, with technical indicators showing bearish momentum as the token approaches key support at $1.19. Quick Take • LDO currently trading at $1.20 (-5.97% in 24h) • Lido DAO’s RSI sits in neutral territory at 45.86, but MACD shows bearish divergence • No major news catalysts in recent days, with price action driven by technical factors What’s Driving Lido DAO Price Today? The LDO price decline appears to be primarily technical in nature, with no significant news events emerging in the past week to explain the 5.97% drop. This absence of fundamental catalysts suggests that current price action is being driven by profit-taking and technical selling pressure. The lack of fresh developments around Lido DAO’s liquid staking protocol may be contributing to reduced investor interest in the near term. With Ethereum staking yields remaining relatively stable and no major protocol updates announced recently, LDO has been trading more on technical patterns than fundamental drivers. The current selling pressure has pushed LDO price below several key moving averages, creating a cascade effect as technical traders respond to these breakdown signals. LDO Technical Analysis: Bearish Signals Emerge Lido DAO technical analysis reveals mounting selling pressure across multiple indicators. The most concerning signal comes from LDO’s MACD, which shows a negative histogram of -0.0340, indicating bearish momentum is building. When the MACD line sits below the signal line as it currently does, this typically suggests continued downside pressure for LDO price. LDO RSI at 45.86 remains in neutral territory, providing some hope that the token isn’t yet oversold. However, this reading also means there’s room for further decline before reaching oversold conditions that might trigger a bounce. The Stochastic oscillator paints a…
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