The cryptocurrency token Lido DAO (LDO) has experienced a significant drop of over 20% in the past 24 hours, making it the top loser in the crypto market. Currently trading at $0.8681, LDO has seen a decline of 17.32% in a single day, resulting in a market cap decrease of the same percentage. Trading volume, however, has increased by 41.70% to reach $153.89 million in the past day.

Lido DAO's fully diluted valuation is at $868.14 million, with a market cap ratio of 19.65%. The platform currently holds $16.82 billion in total value locked, with a market cap ratio of 0.04648.

LDO is currently in a downtrend, testing key support levels. The immediate support is at $0.85, with a stronger support zone at $0.80. If these levels are breached, the price may further decline towards $0.75. On the upside, resistance is at $0.95, and a breakout could drive LDO towards $1.05.

The Relative Strength Index (RSI) shows that LDO is oversold, with a value of 27.72. The RSI moving average of 33.55 indicates persistent bearish momentum. The Chaikin Money Flow (CMF) is at -0.09, suggesting weak buying pressure.

Moving averages confirm the bearish trend, as the 50-day moving average is lower than the 200-day moving average, indicating a death cross pattern and further potential downside pressure.

The sharp decline of Lido DAO aligns with the broader weakness in the market. The increased trading volume indicates higher volatility. If buyers enter at the support levels, a short-term rebound may be possible. However, continuous selling pressure could lead to new lows for LDO.

Investors in LDO should closely monitor the recovery of the RSI and potential crossover movements. A break above $0.95 may signal a trend reversal, while failure to hold $0.85 may result in further losses.



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