Lido Price Hangs in Balance as Whales Build Longs Amid Drought of Momentum

Lido (LDO) has taken a significant hit in recent days, with its price dropping nearly 5% to sit at $0.38. Despite this decline, whales are quietly building longs into the dip, creating an interesting dynamic.

The market is currently at a standstill, with momentum having run dry according to the MACD histogram, which has gone dead flat at zero. The Relative Strength Index (RSI) remains elevated at 64, indicating that bulls are still in control. However, price sitting at a Bollinger %B of 0.72 suggests that LDO is already well inside the upper half of the band range, putting it under pressure to revert back towards the middle band at $0.35.

Volume and price alignment suggest that sophisticated capital is fading this dip, rather than joining the sell-off. The top trader long/short ratio indicates that whales and professional desks have 56.6% of their derivatives exposure positioned long. Meanwhile, retail is almost perfectly split between longs and shorts.