On Tuesday, February 3, Lido DAO (LDO) is trading at $0.4239, up 1.85% in the last 24 hours, according to CoinMarketCap data. Its market capitalization is at $359On Tuesday, February 3, Lido DAO (LDO) is trading at $0.4239, up 1.85% in the last 24 hours, according to CoinMarketCap data. Its market capitalization is at $359

Lido DAO (LDO) Struggles Below Midline After 17.63% Weekly Drop

2026/02/03 13:00
3 min read

On Tuesday, February 3, Lido DAO (LDO) is trading at $0.4239, up 1.85% in the last 24 hours, according to CoinMarketCap data. Its market capitalization is at $359.47 million. 

The trading volume has increased by 9.68%, indicating a surge in short-term traders following a period of increased selling pressure. Lido DAO has been down 17.63% over the last week as the bearish momentum continues to dominate the market. 

Source: CoinMarketCap

LDO Stuck in Bearish Channel

Crypto analyst Marcus Corvinus highlighted that Lido DAO is still within a descending channel on the weekly chart. This descending channel has a bearish market structure. Sellers are still in full control of the price direction. 

The price is currently testing the range of $0.40-$0.45. This price range has previously been a buying point during a downtrend. However, the current buying pressure is short-term in nature. There has been no signal of a trend reversal. 

Lido DAO has repeatedly failed to break past the upper boundary of the descending channel. According to analysts, each time Lido DAO has been rejected at the upper boundary of the descending channel, it has been a sign of bearish control. The market is limiting counter-trend movements.

Source: X

A change in sentiment will require LDO to retake the channel’s midline. The midline has not been retaken recently. Further sell-offs below this level will maintain the current pressure. Further support levels will come into play if the bearish momentum persists further. 

Also Read: Lido DAO (LDO) Price Faces Pressure as Chart Flags $0.69 Target

Open Interest Rises as LDO Nears Key Levels

According to CoinGlass data, the volume has risen by 6.90% to $113.14 million. The Open Interest has increased by 0.99% to $48.87 million. The OI-Weighted Funding Rate is at 0.0029%, indicating stability in the futures market. 

Source: CoinGlass

According to CoinLore data, LDO needs to hold at $0.2724 to avoid further sell-offs. A breakout above $0.5546 will pave the way for additional upside, with a target of $0.7126. The next resistance level is at $0.9416, indicating a major resistance level that will prevent any potential upside in the price. 

RSI and MACD Highlight Strong Selling Pressure

The Relative Strength Index is at 28.19 on the daily chart, with the signal line at 32.73. The RSI has entered the oversold region. The selling momentum is still high at these levels. The Moving Average Convergence Divergence indicates that the MACD line is at -0.0439, with the signal line at -0.0320. The histogram is in the negative region. 

Source: TradingView

LDO continues to trade within a bearish pattern. The support levels are under pressure. Traders are monitoring reactions closely for the next directional signal.

Also Read: XRP Price Risks Repeating 2022 Crash as New Buyers Go Underwater

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Kraken's Big Hint: Pi Coin Set for Exchange Listing In 2026

Kraken's Big Hint: Pi Coin Set for Exchange Listing In 2026

Pi Coin (PI) is deeply embarked in the ongoing red light therapy that’s crunched the global crypto’s market capitalization below $2.4 trillion. The mobile mining
Share
Coinstats2026/02/07 09:25
US Stock Market Could Double By End Of Presidential Term

US Stock Market Could Double By End Of Presidential Term

The post US Stock Market Could Double By End Of Presidential Term appeared on BitcoinEthereumNews.com. Trump’s Bold Prediction: US Stock Market Could Double By
Share
BitcoinEthereumNews2026/02/07 10:43
Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse?

Whales offload 200 million XRP leaving market uncertainty behind. XRP faces potential collapse as whales drive major price shifts. Is XRP’s future in danger after massive sell-off by whales? XRP’s price has been under intense pressure recently as whales reportedly offloaded a staggering 200 million XRP over the past two weeks. This massive sell-off has raised alarms across the cryptocurrency community, as many wonder if the market is on the brink of collapse or just undergoing a temporary correction. According to crypto analyst Ali (@ali_charts), this surge in whale activity correlates directly with the price fluctuations seen in the past few weeks. XRP experienced a sharp spike in late July and early August, but the price quickly reversed as whales began to sell their holdings in large quantities. The increased volume during this period highlights the intensity of the sell-off, leaving many traders to question the future of XRP’s value. Whales have offloaded around 200 million $XRP in the last two weeks! pic.twitter.com/MiSQPpDwZM — Ali (@ali_charts) September 17, 2025 Also Read: Shiba Inu’s Price Is at a Tipping Point: Will It Break or Crash Soon? Can XRP Recover or Is a Bigger Decline Ahead? As the market absorbs the effects of the whale offload, technical indicators suggest that XRP may be facing a period of consolidation. The Relative Strength Index (RSI), currently sitting at 53.05, signals a neutral market stance, indicating that XRP could move in either direction. This leaves traders uncertain whether the XRP will break above its current resistance levels or continue to fall as more whales sell off their holdings. Source: Tradingview Additionally, the Bollinger Bands, suggest that XRP is nearing the upper limits of its range. This often points to a potential slowdown or pullback in price, further raising concerns about the future direction of the XRP. With the price currently around $3.02, many are questioning whether XRP can regain its footing or if it will continue to decline. The Aftermath of Whale Activity: Is XRP’s Future in Danger? Despite the large sell-off, XRP is not yet showing signs of total collapse. However, the market remains fragile, and the price is likely to remain volatile in the coming days. With whales continuing to influence price movements, many investors are watching closely to see if this trend will reverse or intensify. The coming weeks will be critical for determining whether XRP can stabilize or face further declines. The combination of whale offloading and technical indicators suggest that XRP’s price is at a crossroads. Traders and investors alike are waiting for clear signals to determine if the XRP will bounce back or continue its downward trajectory. Also Read: Metaplanet’s Bold Move: $15M U.S. Subsidiary to Supercharge Bitcoin Strategy The post Whales Dump 200 Million XRP in Just 2 Weeks – Is XRP’s Price on the Verge of Collapse? appeared first on 36Crypto.
Share
Coinstats2025/09/17 23:42