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Lido DAO Eyes $0.76 as Falling Wedge Breakout Attracts Whales
Lido DAO (LDO) price is stabilizing after weeks of downside pressure. Technicals are recovering, and whale accumulation is rising. All this is improving momentum indicators, which reshape short-term market structure.
Lido DAO (LDO) Price Signals Early Technical Recovery
Lido DAO (LDO) price action on the 12-hour timeframe reflects exhaustion of a prolonged bearish trend. Price respected a descending channel for months, forming consistent lower highs and lower lows.
That structure began weakening after repeated tests of the $0.55–$0.58 demand zone. Market behavior near this zone shifted noticeably.
Sellers failed to extend losses, while price formed a rounded base resembling an inverse head-and-shoulders structure.
This pattern suggested fading downside momentum rather than a simple relief bounce. A break above the local descending trendline followed, signaling a structural change.
Higher lows began forming, as volatility caused by dip buying compressed the price. Analysts described it as an early-stage reversal and not a confirmed trend shift.
Intraday Structure Supports Short-Term Continuation
Price is based between $0.55 and $0.57 before initiating a clean impulsive move higher. The breakout above $0.58 showed strong bullish candles and limited overlap.
Momentum expanded further as Lido DAO (LDO) price reclaimed the $0.59–$0.60 zone. That area flipped from resistance into short-term support, validating buyer commitment. The impulsive leg peaked near $0.62, followed by orderly profit-taking.
The ongoing pullback remains technically healthy. Candles have contracted, wicks show buying interest, and selling pressure lacks acceleration. Analysts identify $0.60–$0.605 as a key reaction zone aligned with prior consolidation.
Bulls need to reclaim $0.5910 to push towards $0.6085 and $0.6203; failure to which they risk a drop to expose liquidity at $0.5837 and $0.5766.
Whale Activity and Indicators Reinforce the Structure
Beyond price action, on-chain data adds context to the Lido DAO (LDO) price recovery. Whale balances increased by 30.34% over seven days, reaching 17.49 million LDO. At current prices, this reflects roughly $2.28 million in accumulation.
Public disclosures also influenced sentiment. Arthur Hayes has acquired 1.85 million LDO, valued at nearly $1.03 million. This activity coincided with improving technical indicators and rising spot demand.
Momentum indicators align with these flows. The RSI crossed above 52, signaling renewed buying strength. MACD lines continue trending upward.