Lido's Quiet Longs Build Momentum for Potential $0.41 Target

Lido (LDO) took a 3.79% hit on August 25th, dropping from $0.39 to $0.37, but top traders are running 60.8% long and open interest exploded 11% in 24 hours.

Every single moving average on the board sits below current price: the 7-day, the 20, the 50, and the 200-day SMA all trail underneath.

The setup is clean and readable, with the $0.36, $0.37 range being where multiple layers of support converge.

Top traders on Binance Futures are positioned at a 1.55 long/short ratio, with 60.8% of their exposure allocated to the long side.