🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
📝 Share your trading experience or screenshots on Gate Square to unlock $1,000 rewards!
🎁 5 top Square creators * $100 Futures Voucher
🎉 Share your post on X – Top 10 posts by views * extra $50
How to Participate:
1️⃣ Follow Gate_Square
2️⃣ Make an original post (at least 20 words) with #Gate xStocks Trading Share#
3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
Note: You may submit the form multiple times. More posts, higher chances to win!
📅 July 3, 7:00 – July 9,
Lido DAO (LDO) Price Dropped 12%, Will It Break below the $0.60 Level?
Lido DAO (LDO) is facing a difficult technical situation since it is trading close to important support levels at $0.76, which shows downward pressure throughout 2025. The token’s price has shown a long-term bearish trend when it peaked at $2.40 in early December 2024 and fell by about 68% from that peak.
The daily chart indicates that LDO is below its main moving averages, and the price is currently trading beneath the 50-day and 200-day exponential moving averages. Since October 2024, the 200-day moving average has gone down, supporting the idea that bears have been in charge of the token’s direction
The setup of the market suggests that bears are still in charge and bulls are not interested in the current price. As per CMC data, the LDO price is trading at $0.77 with an intraday drop of 12%, showing bearishness. Its 24-hour trading volume is $171.69 with a volume to market cap ratio of 24.89%.
What’s Next for Lido DAO (LDO) Price?
Currently, social sentiment analysis shows that market participants are mostly pessimistic, as the reading is -0.151. Moreover, the MACD line is below the signal line, which indicates that the indicator is bearish and supports the downward trend. The histogram indicates that buyers are not active, so sellers still control the market.
According to support and resistance, LDO is currently encountering resistance in the $0.90-$1.00 area, as these levels used to be support levels before. The next important resistance can be found around $1.20, which is where several bounces were denied earlier this year. On the other side, the token has reached a key support area at $0.75, and a drop below this point could lead to a fall toward $0.60.
Lido DAO (LDO) is expected to have a cautiously bearish technical outlook shortly. A recovery that lasts would only happen if the token breaks above $1.00 and shows strong trading volume. Before that, traders ought to watch the $0.75 support level, as breaking it could make the downtrend stronger and bring the price closer to new lows.
Highlighted Crypto News Today:
Fartcoin Jumps 19% To Reclaim $1, But Momentum Remains Weak