Lido DAO has been slipping for weeks, and the trend still looks heavy. But according to Analyst Ali, there might be a twist ahead. He believes LDO price could find solid support around $0.45, which lines up perfectly with the bottom of a long-term descending channel that’s been guiding price action for most of the year.
It’s been a rough stretch for LDO holders. Every time the token tried to bounce, sellers came right back in. Still, that $0.45 area is catching the eye of traders, and for good reason. It’s been a strong support zone in the past, and the chart hints that history might repeat itself soon.
What the LDO Chart Is Showing
The daily chart shows Lido DAO price locked inside a steep downward channel since early 2024. Each rally attempt has topped out at the upper trendline, only to roll over again. Right now, the token trades near $0.91, sitting roughly in the middle of that structure, but momentum suggests it could drift lower before finding its footing.
Ali’s chart shows a dotted projection that points toward a possible dip into that $0.45–$0.50 zone before any major reversal. That’s where Lido DAO price found stability during past sell-offs, and it’s likely to be the level where buyers step back in. If the token does bounce there, a recovery toward $0.80–$1.00 would be the natural next move.
Market Context and Sentiment
It’s no secret that sentiment toward staking tokens has cooled off lately. Even so, Lido remains the dominant player in Ethereum liquid staking, with billions in total value locked. That underlying strength could give LDO the cushion it needs once technicals line up again.
Momentum indicators are also showing early signs of relief. RSI is hovering near oversold territory, meaning there’s room for a bounce. At the same time, trading volume has flattened out, a typical sign that selling pressure might be losing steam.
Lido DAO Price Short-Term Outlook
In the short term, traders are watching two key levels: $0.85 as near-term support and $0.45 as the major line in the sand. If LDO price manages to hold above $0.85, it could avoid a deeper correction. But if it slips lower, that’s where the real test begins.
This chart might look like a one-way slide, but that’s often where the best setups begin. If Lido can hold firm at support and the broader market steadies, this story could turn fast. The next few weeks will tell whether LDO’s decline continues… or if this is where the plot twist begins.