Lido DAO (LDO) price fell nearly 10% as altcoins dumped.
Bitcoin’s bounce sees Lido DAO price recover to a key level.
Bears are, however, likely to pull LDO lower.
Lido DAO (LDO), a leading liquid staking protocol in the market, saw its native token’s price dip by nearly double digits as volatility hit cryptocurrencies early Monday.
Lido DAO (LDO) has rebounded to a key technical level alongside a broader recovery in risk assets.
However, the outlook remains fragile, with the possibility of a fresh drop if bears regain control, particularly if the price revisits the $0.86 mark.
On-chain data adds to the cautionary tone, as whale activity around LDO has spiked.
A notable large holder recently moved a significant amount of tokens to major crypto exchanges, a move that could signal intent to sell and potentially exert downward pressure on the price.
Lido DAO price slips to key support level
Lido DAO’s price hovered above $1.16 last week. However, with altcoins still unable to master an altseason, the token’s price has ridden downside action to slip more than 16% in the past week.
In the past 24 hours, the LDO token’s value dipped to $0.86. This decline in early trading hours on May 19, 2025, largely aligned with Bitcoin’s dip from above $106k.
A broader market trend that also saw Ethereum shed gains to below $2,300 also shaped Lido DAO’s price action.
“The broader crypto space is seeing similar momentum. Coinbase is set to join the S&P 500 tonight — a landmark moment for institutional credibility, coming on the heels of its acquisition of Deribit. Mainstream adoption is no longer a question of “if. Volatility markets agree. Despite sideways spot action, crypto vols remain firm, and $BTC call skew is holding across tenors — a sign of structurally bullish positioning,” QCP analysts posted .
LDO price analysis
Some of the bearish pressure on Lido DAO price is from whales selling.
Profit taking and other market dynamics have seen large holders dump LDO tokens.
On-chain data and analytics tracker Lookonchain highlighted one such incident on Monday.
Per the data, a large whale dumped 21.3 million LDO tokens (worth about $21.6 million) over the past week.
The selling added to the overall profit taking deals, pushing the Lido DAO price down more than 25% over the week.
Speculation of likely insider selling also contributed to today’s price decline.
LDO chart by TradingView
Technical indicators provide a bearish outlook. The Relative Strength Index (RSI) indicates LDO is near the oversold territory.
Meanwhile, the Moving Average Convergence Divergence (MACD) suggests weakness with a bearish crossover.
If LDO holds above $0.86, it could target resistance near $1.00. However, downside action could see it slide toward $0.80.
