LDO Price Hovers Around $0.35 as Whales Load Up

Lido DAO's (LDO) price is currently at $0.35 after a 2.68% session decline, but smart money is quietly building long exposure.

The market structure is at an inflection point, with LDO trading above its short-term moving average (SMA 20 and SMA 200) but below its SMA 7.

A reclaim of $0.37 sets up a push toward $0.40, while failure to hold this level could lead to a slide toward $0.30.

Whale accounts are net long by a meaningful margin, with a 1.68-to-1 ratio of long to short positions in the derivatives market.