Lido DAO at $1.50 Crossroads: Will LDO Price Bounce to $2.38?

Lido DAO faced increased selling pressure as whale investors dumped millions of tokens.

Despite bearish dominance, the TD Sequential indicator flashes a potential buy signal on LDO’s 12-hour chart.

LDO’s next key resistance levels are $1.66, $1.95, and $2.38,closing above $1.66 is crucial for a sustained recovery.

Failure to hold support at $1.50 could accelerate losses toward $1.33 and $1.16, with a risk of testing $1.00.

With the crypto market standing at a crossroads, the tokens are under immense pressure. Struggling to make a bullish comeback, Lido DAO is facing massive supply inflows.

Down at its crucial support level, LDO is trading at $1.56, with an intraday pullback of 1.39%. Will the increased supply pressure drop LDO to its $1.00 psychological support? Let’s find out.

Will Lido DAO Token Bounce Back from $1.50?

In the daily chart, the LDO price action reveals a bullish failure to break above the $2.38 mark. This resulted in a streak of 9 consecutive bearish candles, leading to a 36% drop.

The correction phase in LDO price tested the 50% Fibonacci level at $1.49. Along with the crucial support, the downfall also put additional pressure on the local support trendline.

With underlying bullish demand, the support at this confluence led to a 5.4% rebound in LDO price on Monday. However, the bullish recovery failed to surpass the 61.80% Fibonacci level, followed by a Doji candle.

The intraday pullback now hints at a potential evening star reversal, which could put additional pressure on crucial support and increase the chances of a breakdown rally. If sellers continue to dominate, a drop below $1.50 could accelerate losses toward lower support zones.

Whale Sell-Off Puts More Pressure on Lido DAO Token

Amid the bullish failure, Lido DAO token is flushing out its top investors. Recently, a SpotOnChain X post revealed that F2Pool and Stakefish founder Chung Wang has sold off 2.5 million LDO tokens for $4.5 million USDT.

Chun Wang appears to accelerating $LDO sales!

F2Pool & Stakefish founder Chun Wang (@satofishi) has sold 2.5M $LDO for 4.5M $USDT in the past 14 days.

Since returning on Nov 21, 2024, after a 10.5-month break, he has sold 6.1M $LDO for 10.42M $USDT at ~$1.708, with selling… https://t.co/pdHBABt4ay pic.twitter.com/G096ypRQ5F

— Spot On Chain (@spotonchain) February 12, 2025

Chun Wang appears to accelerating sales!

F2Pool & Stakefish founder Chun Wang () has sold 2.5M for 4.5M in the past 14 days.

Since returning on Nov 21, 2024, after a 10.5-month break, he has sold 6.1M for 10.42M at ~$1.708, with selling…

— Spot On Chain (@spotonchain)

The sale occurred over the past two weeks, coinciding with LDO’s pullback phase. Since returning on November 21, 2024, after an 11-month break, Wang began a selling spree.

His initial sale included 6.1 million LDO tokens for $10.42 million USDT. Once an initial LDO DAO member, he had received 20 million LDO tokens.

Currently, he holds just 2.5 million LDO tokens, valued at $3.88 million USDT. This large-scale distribution raises concerns over potential further sell-offs and market liquidity challenges.

Key Resistance Levels in Lido DAO

As per a recent X post by Ali Martinez, the bullish influence on LDO is gradually returning. Despite the massive sell-off from a key founding member, LDO is preparing to rebound within a parallel channel.

#Lido $LDO is showing signs of a potential rebound as it tests the lower boundary of its parallel channel, with the TD Sequential flashing a buy signal on the 12-hour chart! pic.twitter.com/6Apz7fLmVp

— Ali (@ali_charts) February 11, 2025

is showing signs of a potential rebound as it tests the lower boundary of its parallel channel, with the TD Sequential flashing a buy signal on the 12-hour chart!

— Ali (@ali_charts)

This bullish reversal is based on the TD Sequential indicator, which is flashing a buy signal on the 12-hour time frame. If LDO manages to sustain above key moving averages, it could invalidate the bearish outlook and confirm a potential recovery trend.

The Impending Rebound to $2.38

As LidoDAO stands at a crucial crossroads, price action analysis and investor sentiment suggest a possible bullish comeback. In such a case, the Fibonacci levels paint the upside price targets at $1.95 and $2.38.

However, closing above the 61.80% Fibonacci level at $1.66 is crucial for bullish sustainability. On the flip side, the crucial support levels below the $1.50 psychological mark remain at $1.33 and $1.16.

A failure to hold these levels could open the gates for a deep decline toward $1.00, further intensifying bearish pressure.