Emre Yumlu 
Lido DAO (LDO) is among the digital assets that have been affected by the recent uncertainty in the crypto market. A declining risk appetite among investors and a broadly weak altcoin environment have played a role in shaping LDO’s technical outlook.
Downtrend Break Fails to Deliver Momentum
Recently, LDO managed to break above its descending trendline — a move often perceived as a bullish signal by market participants. However, contrary to expectations, no significant upside momentum followed. Instead, LDO came under renewed selling pressure, eventually losing the support zone between 0.98 – 0.96.
This breakdown could be interpreted as a reflection of weak buying interest in the market. In periods where major assets like Bitcoin and Ethereum are moving sideways or showing bearish tendencies, smaller projects like LDO often struggle to attract strong trading volumes.
Eyes on the New Support: 0.88 – 0.87 Zone
With the recent pullback, the price has now approached the 0.88 – 0.87 range, which serves as the next short-term support level. This area holds technical significance as it could be a point where buyers re-enter the market.
However, if this level fails to hold, the decline could extend towards the 0.83 zone. Especially in weak global market conditions, support levels can be easily breached — a risk that traders should not overlook.
Resistance Levels to Watch: 0.96 – 0.98 and Beyond
In a potential recovery scenario, the immediate resistance is situated in the 0.96 – 0.98 range. A successful move above this region could open the door for a climb toward 1.05. However, for this breakout to be sustainable, it would require not just technical confirmation, but also a more favorable overall market sentiment.
Without that support from the broader market, any minor upward move could simply become a magnet for short positions, increasing selling pressure once again.
This content is not financial advice. The cryptocurrency market carries high levels of risk, and it is essential to conduct your own research before making any investment decisions.
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