Lido DAO Slips Below 0.65 As RSI Hits 30 and Traders Eye the Next Support Levels

LDO fell below $0.65 after losing key support, confirming a multi-month downtrend.

RSI hit 30.16 as LDO reached oversold territory, nearing strong historical support.

Rumors of institutional exit sparked panic selling, dragging LDO toward $0.60.

Lido DAO’s native token, LDO, traded below $0.65 on April 8, 2025, slipping further into oversold territory. Price action suggests a sharp decline after breaking multiple support zones, now approaching a historically reactive demand level.

Three-Day Chart Points to Bearish Continuation

$LDO on the 3-day TradingView time frame maintains a steady downtrend from 2023, marked by lower highs and lower lows. A descending trendline connects rejection points from February 2023, August 2023, and January 2024, underscoring a persistent bearish structure. Price peaked at $3.50 in early 2024 but has since dropped over 70%, closing at $0.62377 in the latest candle.

Source: CoinMarketCap

Key resistance rests at $2.40–$3.50, while the $0.84–$1.00 zone, previously a strong mid-range support, now acts as resistance. Current support lies between $0.45 and $0.60, where buyers have historically stepped in. The April 8 candle shows intraday volatility, with a high of $0.74119 and a low of $0.61660.

The RSI indicator reads 30.16, reflecting strong oversold conditions. This aligns with past reversal zones recorded in July 2022 and September 2023. LDO price continues to trade below all major swing lows, with no bullish divergence or higher lows forming.

Price Reaction Aligns With Potential Forced Selling Speculation

The recent price breakdown has been linked to rumors circulating on social media, suggesting institutional withdrawal from Lido’s staking ecosystem. A technical study conducted by Seth on X highlights that $LDO lost the $0.90 level due to speculative selling, possibly triggered by crypto funds or insiders reacting to unconfirmed ETF-related news. These events reportedly undermined investor confidence in Lido’s dominance in Ethereum staking.

Source: Seth

Seth’s analysis also references the accumulation range between $0.50–$0.60 as the next critical support, already attracting moderate buy interest. Increased volume near this zone matches historical patterns seen in July 2022 and October 2024. The post suggests that unless LDO reclaims the $0.84–$1.00 region, downward pressure will persist.

Insights from market researcher Seth further emphasize that institutional sentiment shifts can produce unexpected volatility. Without official confirmation, LDO remains technically weak across all timeframes. RSI oversold signals might spark short-term reactions, but broader recovery will depend on reclaiming critical resistance zones.