Lido DAO（LDO）token faces a30%correction amid marketsentiment,presenting a potential buying opportunity as investors anticipate arecovery.
Points
- LidoDAO（LDO）tokenwitnessesa30%correction.
- MarketsentimentappearsnegativeasLDOreachesthe$1.70pivot.
- LDO’srecenttumbleallowsforbuyingopportunitiesduringdips.
- TheanticipatedEtherETFarrivalcouldboostaltcoins,includingLDO.
- LDOshowssignsofrecoverydespiteshort-termmarketpressures.
The native token of the decentralized liquid stakingprotocol,LidoDAO,has experienced significantvolatility,with its value plummeting by30%in recentsessions.Following a spectacular move at the beginning of themonth,LDO has seen a sharp correction due to allegations from theU.S.Securities and Exchange Commission（SEC）.
Despite thisdownturn,LDO displayed signs of aturnaround,giving investors a glimmer ofhope.Based on the Ethereumnetwork,LidoDAO’srecent tumble allows investors to buy on thedips,as the anticipated Ether ETF arrival was in theinvestors’eyes,potentially boosting altcoins to newhighs.
At presstime,the LDO token traded at$1.77with an intraday drop of9.36%,reflecting a selloff on thecharts.It has a monthly return ratio of-24.30%and20.20%yearly,reflectingshort-termprofitbooking.
LDOPrice Analysis（DailyChart）
LDO slipped below its weekly low mark of$1.85,falling in the last fewhours.With an intraday drop of12%,the sellers looked aggressive and looked forward to pushing LDO toward the$1.50mark in the upcomingsessions.
The technicals revealed that the token closed near its demand region and lookedoversold.However,from thatpoint,a recovery islikely.
Lido DAO（LDO）PriceAnalysisChart|Source:Santiment
The price action showed that it had faced a notable rejection from its cluster of$2.40and failed to holdgains.Afterward,a medianews-ledselloff eroded its initial gains and fell to the monthly low mark of$1.70.
The RSI curve fell below the midlineregion,and a negative crossover wasnoted.Notably,the trading volume consistently increased and surged over43%in the lasthours,highlighting thevolume-basedselloff.
解説
- LidoDAO（LDO）token’s30%correctionpresentsapotentialbuyingopportunityduringmarketdips.
- TheanticipatedarrivalofanEtherETFcouldboostaltcoins,includingLDO.
- TechnicalanalysisindicatesthatLDOisoversoldandcouldseearecovery.
- Thepriceactionsuggestsapotentialreboundfromthe$1.50markifbuyersregaincontrol.
- Increasedtradingvolumehighlightstheaggressiveselloff,butrecoverysignsarevisible.