Lido DAO tops losers list amid market selloff with 20% plunge

• Lido DAO (LDO) price fell over 20%, now at $0.8681.
• Trading volume surged 41.70%, reaching $153.89M.

Lido DAO (LDO) has plunged over 20% in the last 24 hours, making it the top loser in the crypto market. The token is currently trading at $0.8681, down 17.32% in a single day. Its market cap stands at $779.21 million, reflecting a 17.32% decline. Meanwhile, trading volume has surged 41.70%, reaching $153.89 million in the past day.

Lido DAO’s fully diluted valuation (FDV) is at $868.14 million, with a 19.65% market cap ratio. The platform holds $16.82 billion in total value locked (TVL), with a market cap ratio of 0.04648

Will LDO Recover?

LDO is in a downtrend, testing key support levels. The immediate support is at $0.85, with a stronger support zone at $0.80. If these levels fail, the price may decline further toward $0.75. On the upside, resistance is at $0.95, and a breakout could push LDO toward $1.05.

The Relative Strength Index (RSI) is at 27.72, indicating oversold conditions. The RSI moving average is at 33.55, showing continued bearish momentum. The Chaikin Money Flow (CMF) stands at -0.09, suggesting weak buying pressure.

Moving averages confirm the bearish trend. The 50-day moving average is trending below the 200-day moving average, signaling a death cross. This pattern typically indicates extended downside pressure.

Lido DAO’s sharp decline aligns with broader market weakness. Increased trading volume suggests heightened volatility. If buyers step in at support levels, a short-term rebound is possible. However, continued selling pressure could push LDO to new lows.

LDO investors should monitor RSI recovery and potential crossover movements. A break above $0.95 could signal a trend reversal, while failure to hold $0.85 may lead to further losses.

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