Lido DAO Price Drops Sharply Under Bearish Pressure

Lido DAO's price continues to struggle under bearish pressure, trading at $0.3478 with a sharp decline of -6.78% in the past day.

The protocol's market capitalization remains robust at $297.95 million, supported by steady operator oversight and its key role in Ethereum liquid staking with over $5 billion in Total Value Locked.

However, technical indicators are signaling further downside risk, with bearish momentum prevailing and the price trading below all major supports on the h1 chart.

The next two to three trading days are expected to see LDO/USD move within a range defined by support at $0.3308 and resistance at $0.3605, with prospects for a short-term reversal appearing limited.